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Good Morning! We hope you all are enjoying your early morning trading! Today, three companies we cover released their schedule 13G form.
What’s a Schedule 13G?
- A document that express a significant change in the ownership of a company
- A more “passive” filing than the 13D
- Tells the shareholders the percentage of the ownership change, and current cap table.
Trevena (Nasdaq: TRVN), Verastem (Nasdaq: VSTM) and Conatus (Nasdaq: CNAT )have all filed a schedule 13G, a precursor to the form 13D, which signifies a change in ownership of over 5% is about to take place. This is huge for these companies as it can cause a potential uptick in the stock’s share price, as well as provide the company with a better use of funding, helping them fund ongoing clinical trials and product development propelling them towards turning a profit. CNAT, VSTM and TRVN are still highly volatile. Institutional ownership bolsters bullish sentiments for a positive long term look, and gives the company more credibility.
- CNAT – BlackRock reveals 5.3% ownership, equating to 1,612,052 shares
- TRVN – Wellington Group Holdings LLP reveals 5.63% ownership, equating to
- VSTM – BlackRock reveals 7.6% ownership, equating to 5,621,011 shares
Want to learn more about CNAT, VSTM and TRVN? Click the links below to find every article we’ve featured them in!