BlackRock Amends Cerence Stake, Maintains Passive Investment
Ticker: CRNC · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Cerence stock, no major changes.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of Cerence Inc. common stock as of December 31, 2023. This amendment, number 3, indicates BlackRock's continued significant passive investment in Cerence Inc. For investors, this filing confirms that a major institutional investor like BlackRock maintains a substantial, albeit passive, stake in Cerence, which can be seen as a vote of confidence in the company's long-term prospects.
Why It Matters
This filing shows that BlackRock, a major institutional investor, continues to hold a significant, passive stake in Cerence Inc., signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes to the company's operations.
Analyst Insight
Investors should note that BlackRock's continued passive stake in Cerence Inc. suggests no immediate change in their investment strategy, reinforcing a stable institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Cerence Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
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 indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3'.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this document, is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are being reported on?
The securities being reported on belong to Cerence Inc., as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cerence Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-000808 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000808 Filing Date 2024-01-22 Accepted 2024-01-22 14:03:07 Documents 1 Document Format Files Seq Description Document Type Size 1 us1567271093_012224.txt SC 13G/A 11644 Complete submission text file 0001086364-24-000808.txt 13610 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 25 MALL ROAD, SUITE 416 BURLINGTON MA 01803 Business Address 25 MALL ROAD, SUITE 416 BURLINGTON MA 01803 617-580-0843 Cerence Inc. (Subject) CIK : 0001768267 (see all company filings) EIN. : 834719946 | State of Incorp.: DE | Fiscal Year End: 0930 Type: SC 13G/A | Act: 34 | File No.: 005-91194 | Film No.: 24548139 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)