BlackRock Amends Shutterstock Stake, Maintains Significant Holding
Ticker: SSTK · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1549346
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Shutterstock, signaling continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Shutterstock, Inc. as of December 31, 2023. This filing, Amendment No. 9, indicates that BlackRock continues to be a significant institutional investor in Shutterstock, holding a substantial stake in the company's common stock. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock price.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Shutterstock, which can be seen as a vote of confidence from a major institutional investor. For shareholders, this indicates a stable institutional presence, potentially reducing volatility.
Risk Assessment
Risk Level: low — This filing is routine and indicates stable institutional ownership, posing minimal immediate risk to investors.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder in Shutterstock, which suggests ongoing institutional interest. While this filing doesn't reveal changes in ownership percentage, it confirms stability in a key institutional holding.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Shutterstock, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 9 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 9)' sections.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the 'subject company' or 'issuer' of the securities being reported?
The subject company, or issuer, is Shutterstock, Inc., as stated under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: Shutterstock, Inc.' and '(Name of Issuer) Shutterstock, Inc.'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Shutterstock, Inc. is 825690100, as listed under '(CUSIP Number) 825690100'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as specified in the filing under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Shutterstock, Inc. (SSTK).