Per A. Jacobsen Cuts Bridgeline Digital Stake to 7%
Ticker: BLIN · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1378590
| Field | Detail |
|---|---|
| Company | Bridgeline Digital, INC. (BLIN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | medium |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: insider-selling, ownership-change, amendment
TL;DR
**Jacobsen trimmed his Bridgeline Digital stake to 7%, watch for further moves.**
AI Summary
Per A. Jacobsen, an individual investor, filed an amended SC 13G/A on February 1, 2024, disclosing a 7% beneficial ownership stake in Bridgeline Digital, Inc. This filing indicates Jacobsen solely controls 732,500 shares of the company's common stock, a decrease from previous filings. This matters to investors because a significant individual shareholder reducing their stake could signal a change in their confidence in the company's future performance.
Why It Matters
This filing shows a notable individual investor has reduced their ownership in Bridgeline Digital, which could be interpreted as a loss of conviction or a strategic portfolio adjustment.
Risk Assessment
Risk Level: medium — A reduction in a significant shareholder's stake can sometimes precede further selling pressure or indicate concerns about the company's outlook.
Analyst Insight
Investors should monitor future filings by Per A. Jacobsen for further changes in his ownership and consider if this reduction aligns with their own assessment of Bridgeline Digital's prospects.
Key Numbers
- 732,500 — shares beneficially owned (represents Per A. Jacobsen's sole voting and dispositive power in Bridgeline Digital, Inc.)
- 7% — percent of class represented (the total percentage of Bridgeline Digital, Inc. common stock beneficially owned by Per A. Jacobsen)
- February 1, 2024 — date of event (the date which required the filing of this statement)
- $0.001 — par value per share (the stated par value of Bridgeline Digital, Inc. common stock)
Key Players & Entities
- Per A. Jacobsen (person) — reporting person and beneficial owner
- Bridgeline Digital, Inc. (company) — the issuer of the securities
- Maryland (company) — citizenship or place of organization for Per A. Jacobsen
- 06 Technology (company) — organization name associated with the subject company
Forward-Looking Statements
- Per A. Jacobsen may continue to reduce his stake in Bridgeline Digital, Inc. (Per A. Jacobsen) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Per A. Jacobsen, an individual, as stated in item (1) of the cover page and the 'FILED BY' section.
What percentage of Bridgeline Digital, Inc. common stock does Per A. Jacobsen beneficially own according to this filing?
Per A. Jacobsen beneficially owns 7% of the class of common stock, as indicated in Row (11) of the cover page.
How many shares does Per A. Jacobsen have sole voting power over?
Per A. Jacobsen has sole voting power over 732,500 shares, as reported in Row (5) of the cover page.
What is the CUSIP number for Bridgeline Digital, Inc. common stock?
The CUSIP number is 10807Q403, as listed on the cover page of the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was February 1, 2024, as specified on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 by Per A. Jacobsen regarding Bridgeline Digital, Inc. (BLIN).