Goldman Sachs Amends Rekor Systems Stake on Dec 29, 2023
Ticker: REKR · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1697851
| Field | Detail |
|---|---|
| Company | Rekor Systems, Inc. (REKR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13G, shareholder-update
TL;DR
**Goldman Sachs updated its Rekor Systems stake, watch for market reaction.**
AI Summary
Goldman Sachs Group Inc. filed an amended Schedule 13G/A on February 7, 2024, indicating a change in their beneficial ownership of Rekor Systems, Inc. common stock as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that Goldman Sachs's stake in Rekor Systems has shifted, which is important for investors as large institutional holdings can influence stock perception and liquidity.
Why It Matters
Changes in significant institutional ownership, like Goldman Sachs's stake in Rekor Systems, can signal shifts in investor confidence or strategy, potentially impacting the stock's trading volume and price.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not inherently indicate a high risk event for the company.
Analyst Insight
An investor should note that Goldman Sachs has updated its position in Rekor Systems, Inc. and should review the full filing (beyond this excerpt) to understand the specific change in share count and percentage of ownership to assess potential implications for the stock.
Key Players & Entities
- Goldman Sachs Group Inc. (company) — the entity filing the SC 13G/A, reporting its beneficial ownership
- Rekor Systems, Inc. (company) — the subject company whose common stock is being reported
- December 29, 2023 (date) — the date of the event requiring the filing of this statement
- February 7, 2024 (date) — the date the SC 13G/A was filed
- $0.0001 (dollar_amount) — par value per share of Rekor Systems, Inc. common stock
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 the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is Rekor Systems, Inc., with a CUSIP Number of 759419104 and a par value of $0.0001 per share for its common stock.
Who filed this SC 13G/A?
This SC 13G/A was filed by Goldman Sachs Group Inc., located at 200 West Street, New York, NY.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding Rekor Systems, Inc. (REKR).