BlackRock Amends PubMatic Stake, Signals Ownership Shift
Ticker: PUBM · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock tweaked its PubMatic stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership of PubMatic, Inc. Common Stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that BlackRock's stake in PubMatic has shifted, which is important for investors as large institutional movements can influence stock perception and liquidity.
Why It Matters
This filing shows BlackRock, a major institutional investor, has adjusted its position in PubMatic, which can be a signal to other investors about the stock's attractiveness or future prospects.
Risk Assessment
Risk Level: low — This is a routine disclosure of an institutional ownership change, not an event that inherently carries high risk.
Analyst Insight
Investors should monitor subsequent filings or news from BlackRock or PubMatic for more details on the nature and size of BlackRock's ownership change, as this filing only indicates an amendment, not the specifics of the change itself.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- PubMatic, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock's adjusted stake in PubMatic could lead to increased scrutiny from other institutional investors. (PubMatic, Inc.) — medium confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the filing's header and body.
Who is the 'subject company' in this filing?
The subject company is PubMatic, Inc., as explicitly stated under 'SUBJECT COMPANY: COMPANY DATA' in the filing.
Who is the 'filer' or 'reporting person' for this document?
The filer, or reporting person, is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of PubMatic, Inc. is 74467Q103, as listed in the 'SCHEDULE 13G' section.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the 'SCHEDULE 13G' section.
From the Filing
EDGAR Filing Documents for 0001086364-24-003774 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. 0001086364-24-003774 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:27 Documents 1 Document Format Files Seq Description Document Type Size 1 us74467q1031_012524.txt SC 13G/A 11719 Complete submission text file 0001086364-24-003774.txt 13699 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 601 MARSHALL STREET REDWOOD CITY CA 94063 Business Address 601 MARSHALL STREET REDWOOD CITY CA 94063 650-331-3485 PubMatic, Inc. (Subject) CIK : 0001422930 (see all company filings) EIN. : 205863224 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-91950 | Film No.: 24562991 SIC : 7370 Services-Computer Programming, Data Processing, Etc. (CF Office: 06 Technology)