Investor Cuts $12.9 Million Stake as IAS Heads Toward $1.9 Billion Buyout

Connecticut-based Ararat Capital Management reported a important simplification successful its involvement successful Integral Ad Science Holding Corp. (NASDAQ:IAS), selling astir 1.5 cardinal shares that helped pb to a nett presumption simplification of $11.1 million, according to a November 14 SEC filing.

According to a filing with the Securities and Exchange Commission dated November 14, Ararat Capital Management LP sold astir 1.5 cardinal shares of Integral Ad Science Holding Corp. (NASDAQ:IAS) successful the 3rd quarter. The estimated transaction worth is $12.9 cardinal based connected quarterly mean pricing. After the trade, the money retains 668,407 shares worthy $6.8 cardinal and accounting for 3.6% of its 13F AUM. The money reported 20 full positions arsenic of quarter-end.

Top 5 holdings aft the filing:

• NYSE:BY: $18.8 cardinal (10.1% of AUM)

• NASDAQ:LZ: $17.8 cardinal (9.5% of AUM)

• NASDAQ:DRVN: $17.7 cardinal (9.5% of AUM)

• NYSE:PLOW: $13.6 cardinal (7.3% of AUM)

• NYSE:GIL: $12.6 cardinal (6.7% of AUM)

As of Thursday, IAS shares were priced astatine $10.27, down 7.5% implicit the past twelvemonth and good underperforming the S&P 500, which is up astir 13% successful the aforesaid period.

• Integral Ad Science provides integer advertizing verification solutions, including fraud detection, viewability measurement, marque safety, contextual targeting, and show reporting crossed desktop, mobile, connected TV, and societal platforms.

• The institution operates a cloud-based level (IAS Signal) that offers autarkic measurement, verification, and optimization services to advertisers and publishers.

• It serves advertisers, agencies, publishers, advertisement networks, and supply-side platforms globally, with a absorption connected integer media prime and marque safety.

Integral Ad Science Holding Corp. is simply a starring supplier of integer advertizing verification and measurement solutions, operating astatine standard with a planetary footprint and a diversified lawsuit base. The institution leverages proprietary exertion to present actionable insights and guarantee integer advertisement quality, helping clients optimize media walk and support marque reputation. Its level covers aggregate channels and formats and is supported by a robust analytics platform.