BlackRock Discloses 6.0% Passive Stake in Asure Software (ASUR)
Ticker: ASUR · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 884144
| Field | Detail |
|---|---|
| Company | Asure Software INC (ASUR) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-stake, SC-13G
TL;DR
**BlackRock just revealed a 6.0% passive stake in ASUR, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 29, 2024, disclosing its ownership of 1,180,948 shares of ASURE SOFTWARE INC (ASUR) as of December 31, 2023. This represents a 6.0% passive stake in the company's Common Stock. This matters to investors because BlackRock's significant, albeit passive, position indicates their confidence in ASUR's long-term prospects, potentially signaling stability or future growth to other shareholders.
Why It Matters
BlackRock's substantial stake in ASUR, even if passive, can influence investor perception and potentially provide a floor for the stock price due to a large institutional holder.
Risk Assessment
Risk Level: low — This filing indicates a large, passive institutional investment, which generally reduces risk by providing stability rather than signaling immediate volatility.
Analyst Insight
A smart investor would view BlackRock's 6.0% passive stake as a vote of confidence, potentially signaling a stable long-term holding for ASURE SOFTWARE INC, and might consider further research into ASUR's fundamentals.
Key Numbers
- 1,180,948 — Shares Owned (Total shares of ASURE SOFTWARE INC's Common Stock beneficially owned by BlackRock Inc.)
- 6.0% — Ownership Percentage (Percentage of ASURE SOFTWARE INC's Common Stock beneficially owned by BlackRock Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock Inc.'s ownership was reported.)
Key Players & Entities
- BlackRock Inc. (company) — filer of the SC 13G, holding a 6.0% stake in ASURE SOFTWARE INC
- ASURE SOFTWARE INC (company) — the subject company in which BlackRock Inc. holds shares
- 1,180,948 (dollar_amount) — number of shares of ASURE SOFTWARE INC held by BlackRock Inc.
- 6.0% (dollar_amount) — percentage of ASURE SOFTWARE INC's Common Stock owned by BlackRock Inc.
- December 31, 2023 (person) — date of the event which required the filing of this statement
Forward-Looking Statements
- BlackRock will maintain its passive stake in ASURE SOFTWARE INC. (BlackRock Inc.) — high confidence, target: next 12 months
- ASURE SOFTWARE INC's stock price will experience increased stability due to institutional backing. (ASURE SOFTWARE INC) — medium confidence, target: next 6 months
FAQ
Who filed this SC 13G statement?
BlackRock Inc. filed this SC 13G statement, as indicated by the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section of the filing.
What company's shares are the subject of this filing?
The subject company is ASURE SOFTWARE INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASURE SOFTWARE INC' and 'Name of Issuer: ASURE SOFTWARE INC'.
What percentage of ASURE SOFTWARE INC's stock does BlackRock Inc. own?
BlackRock Inc. owns 6.0% of ASURE SOFTWARE INC's Common Stock, as derived from the filing's details.
How many shares of ASURE SOFTWARE INC does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 1,180,948 shares of ASURE SOFTWARE INC, as indicated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding ASURE SOFTWARE INC (ASUR).