Harel Insurance Amends Perion Network Stake on Dec 31, 2023
Ticker: PERI · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1338940
Complexity: simple
Sentiment: neutral
Topics: beneficial-ownership, institutional-holdings, amendment
TL;DR
**Harel Insurance updated its Perion Network stake, watch for market reaction.**
AI Summary
Harel Insurance Investments & Financial Services Ltd. filed an amended SC 13G/A on January 30, 2024, indicating a change in their beneficial ownership of Perion Network Ltd. Ordinary Shares as of December 31, 2023. This update, filed under Rule 13d-1(c), signals that Harel Insurance is a significant institutional investor in Perion Network. This matters to investors because changes in large institutional holdings can influence stock perception and liquidity, potentially signaling a shift in confidence from a major player.
Why It Matters
This filing shows an institutional investor's updated position in Perion Network Ltd., which can impact market sentiment and trading activity for the stock.
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership report, indicating a change in holdings rather than a new, unexpected event.
Analyst Insight
An investor should monitor subsequent filings from Harel Insurance to track their ongoing position in Perion Network Ltd. and consider if other institutional investors are making similar moves, as this could indicate broader sentiment shifts.
Key Players & Entities
- Harel Insurance Investments & Financial Services Ltd. (company) — the entity filing the SC 13G/A
- Perion Network Ltd. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- NIS 0.03 (dollar_amount) — par value per Ordinary Share of Perion Network Ltd.
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(c) of the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is Perion Network Ltd., with the CUSIP Number M78673114 and Ordinary Shares, par value NIS 0.03 per share.
Who is the reporting person in this filing?
The reporting person is Harel Insurance Investments & Financial Services Ltd., identified by CIK 0001429390.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
When was this amendment filed with the SEC?
This amendment (Accession Number 0001178913-24-000301) was filed with the SEC on January 30, 2024.
Filing Stats: 880 words · 4 min read · ~3 pages · Grade level 9.8 · Accepted 2024-01-30 08:17:49
Filing Documents
- zk2430845.htm (SC 13G/A) — 53KB
- 0001178913-24-000301.txt ( ) — 55KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 30, 2024 HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES LTD. BY: /s/ Uri Rabinovitz Name, Title: Uri Rabinovitz, Vice President - 5 -