BlackRock Amends Forrester Research Stake to 5.7%
Ticker: FORR · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1023313
| Field | Detail |
|---|---|
| Company | Forrester Research, INC. (FORR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock trimmed its stake in Forrester Research to 5.7%.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in Forrester Research Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 1,086,364 shares of Forrester's Common Stock, representing 5.7% of the company. This is an amendment to their previous filing, showing a slight decrease from their prior reported stake, which matters to investors as it reflects BlackRock's updated position and confidence in Forrester Research.
Why It Matters
This filing shows BlackRock's updated, slightly reduced, passive ownership in Forrester Research, which can influence investor sentiment and signal a shift in a major institutional investor's portfolio allocation.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's updated, slightly reduced, passive stake in Forrester Research, but recognize that this is a routine adjustment by a large asset manager and not necessarily a strong buy or sell signal.
Key Numbers
- 1,086,364 — Shares Beneficially Owned (Represents BlackRock's total holding in Forrester Research Inc. as of December 31, 2023.)
- 5.7% — Percentage of Class (Indicates BlackRock's ownership percentage of Forrester Research's Common Stock, a key metric for institutional influence.)
- December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported, crucial for understanding the timeliness of the information.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- FORRESTER RESEARCH, INC. (company) — the subject company in which BlackRock holds shares
- 1,086,364 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.7% (dollar_amount) — percentage of class beneficially owned by BlackRock
- December 31, 2023 (date) — date of the event requiring the filing
- January 24, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder in Forrester Research, maintaining a stake above 5%. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing by BlackRock Inc.?
BlackRock Inc. filed this SC 13G/A as an amendment (Amendment No: 11) to report a change in its beneficial ownership of Common Stock in Forrester Research Inc. as of December 31, 2023, in accordance with Rule 13d-1(b).
How many shares of Forrester Research Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
As of December 31, 2023, BlackRock Inc. beneficially owns 1,086,364 shares of Forrester Research Inc. Common Stock.
What percentage of Forrester Research Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. beneficially owns 5.7% of the Common Stock of Forrester Research Inc. as reported in this filing.
When was the event that triggered this filing?
The event which required the filing of this statement occurred on December 31, 2023.
What is the CUSIP number for Forrester Research Inc.'s Common Stock mentioned in the filing?
The CUSIP number for Forrester Research Inc.'s Common Stock is 346563109.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding FORRESTER RESEARCH, INC. (FORR).