Ziff Davis Amends Consensus Cloud Solutions Stake (SC 13G/A)
Ticker: ZD · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1084048
| Field | Detail |
|---|---|
| Company | Ziff Davis, Inc. (ZD) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: amendment, passive-investment, institutional-ownership
TL;DR
**Ziff Davis updated its passive stake in Consensus Cloud Solutions, no major changes expected.**
AI Summary
Ziff Davis, Inc. filed an amended Schedule 13G/A on February 5, 2024, indicating its ownership of Common Stock in Consensus Cloud Solutions, Inc. as of December 31, 2023. This filing is an amendment (Amendment No. 2) to a previous filing, and it's filed under Rule 13d-1(d), which typically means the reporting person is not a beneficial owner of more than 5% of the class of securities. This matters to investors because it confirms Ziff Davis's continued, but likely reduced, passive investment in Consensus Cloud Solutions, suggesting no immediate intent for a takeover or significant influence.
Why It Matters
This filing updates Ziff Davis's passive ownership in Consensus Cloud Solutions, providing transparency to investors about a significant holder's position without signaling aggressive intent.
Risk Assessment
Risk Level: low — The filing is an amendment to a passive ownership statement, indicating no new significant risks or changes in control.
Analyst Insight
Investors should note that Ziff Davis's position is passive, meaning they are unlikely to initiate significant corporate actions. This filing primarily serves as an update on their existing, non-controlling stake.
Key Players & Entities
- Ziff Davis, Inc. (company) — the reporting person filing the SC 13G/A
- Consensus Cloud Solutions, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires this filing
- Rule 13d-1(d) (other) — the rule under which the Schedule 13G is filed
- 720848V105 (other) — CUSIP Number for Consensus Cloud Solutions, Inc. Common Stock
Forward-Looking Statements
- Ziff Davis will maintain a passive investment in Consensus Cloud Solutions, Inc. without seeking to influence management. (Ziff Davis, Inc.) — high confidence, target: 2025-02-05
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing title.
Who is the reporting person in this filing?
The reporting person is Ziff Davis, Inc., as clearly identified under 'NAME OF REPORTING PERSONS' in the filing.
What is the subject company whose securities are being reported?
The subject company is Consensus Cloud Solutions, Inc., as stated under 'Name of Issuer' in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock, par value $0.01 per share, of Consensus Cloud Solutions, Inc. is 720848V105, as listed in the filing.
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, as specified in the filing.
Filing Stats: 741 words · 3 min read · ~2 pages · Grade level 7.9 · Accepted 2024-02-05 06:06:50
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- d711653dsc13ga.htm (SC 13G/A) — 33KB
- 0001193125-24-023371.txt ( ) — 35KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of the undersigneds knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 5, 2024 Ziff Davis, Inc. By: /s/ Jeremy Rossen Name: Jeremy Rossen Title: Executive Vice President, General Counsel and Secretary