BlackRock Amends DoubleVerify Holdings Stake (SC 13G/A)
Ticker: DV · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still holds DoubleVerify stock, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership of DoubleVerify Holdings, Inc. common stock as of December 31, 2023. This filing indicates BlackRock's passive investment in DoubleVerify, a company specializing in computer programming and data processing services. For investors, this means a major institutional investor continues to hold a position in DoubleVerify, potentially signaling confidence in the company's long-term prospects, but the specific percentage of ownership is not detailed in the provided excerpt.
Why It Matters
This filing confirms BlackRock, a major institutional investor, maintains a significant, passive stake in DoubleVerify Holdings, Inc., which can influence investor sentiment and stock stability.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate negative or positive catalysts.
Analyst Insight
Investors should note BlackRock's continued passive interest in DoubleVerify Holdings, Inc., but this filing alone doesn't provide enough detail to warrant immediate action. Further research into DoubleVerify's fundamentals and BlackRock's overall investment strategy would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- DoubleVerify Holdings, 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
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in DoubleVerify Holdings, Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock Inc., owns more than 5% of a company's stock and is updating their previous disclosure.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742.
Which company's securities are being reported on?
The securities being reported on belong to DoubleVerify Holdings, Inc., identified by CIK 0001819928, which operates in computer programming and data processing services.
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, indicating the ownership snapshot date.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is typically used by institutional investors who acquire beneficial ownership of more than 5% of a class of equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.
From the Filing
EDGAR Filing Documents for 0001086364-24-001636 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. 0001086364-24-001636 Filing Date 2024-01-23 Accepted 2024-01-23 16:13:55 Documents 1 Document Format Files Seq Description Document Type Size 1 us25862v1052_012324.txt SC 13G/A 11723 Complete submission text file 0001086364-24-001636.txt 13517 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 462 BROADWAY NEW YORK NY 10013 Business Address 462 BROADWAY NEW YORK NY 10013 212-631-2111 DoubleVerify Holdings, Inc. (Subject) CIK : 0001819928 (see all company filings) EIN. : 822714562 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-92507 | Film No.: 24552662 SIC : 7370 Services-Computer Programming, Data Processing, Etc. (CF Office: 06 Technology)