Published on 24 Mar 2021 on Simply Wall St. via Yahoo Finance
Do Institutions Own Ascendant Digital Acquisition Corp. (NYSE:ACND) Shares?
The big shareholder groups in Ascendant Digital Acquisition Corp. (NYSE:ACND) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.
With a market capitalization of US$508m, Ascendant Digital Acquisition is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about Ascendant Digital Acquisition.
Check out our latest analysis for Ascendant Digital Acquisition