Shutterstock CEO Paul J. Hennessy resigned on July 12, effective immediately, and left the board. CFO Rik Powell was appointed Interim CEO while remaining CFO. Hennessy will stay as a non-executive advisor until August 7 for transition. Powell receives $75,000 extra monthly and $450,000 in restricted stock units vesting after six months for his interim role.
Who are the top institutional investors holding SHUTTERSTOCK INC (SSTK)?
Major stakeholders currently include BlackRock, Inc. ($76.4M), Lsv Asset Management ($27.7M), Callodine Capital Management, LP ($21.1M). Based on the latest 13F filings, there are a total of 169 tracked investment funds and institutions maintaining positions in SSTK.
What is the overall institutional sentiment toward SSTK recently?
Institutional sentiment appears Bearish (Net Selling). During the most recent reporting quarter, the stock experienced a net outflow of $51.5M, driven by 74 managers accumulating shares while 84 reduced their exposure.
Which institutions have been selling or reducing their SSTK positions?
In the latest period, 52 funds trimmed their holdings, and 32 managers completely exited their positions. The aggregate reported sell value was $107.7M.
Are there any notable investors adding SSTK to their portfolios?
Yes, buying activity remains notable. 17 institutions opened new positions in {ticker}, and 57 existing holders added to their shares. The total reported buy value for the quarter amounted to $270.9M.
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