BlackRock Discloses 5.0% Passive Stake in Accuray Inc.
Ticker: ARAY · Form: SC 13G · Filed: Jan 25, 2024 · CIK: 1138723
| Field | Detail |
|---|---|
| Company | Accuray INC (ARAY) |
| Form Type | SC 13G |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**BlackRock just revealed a 5% stake in Accuray, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 25, 2024, that as of December 31, 2023, it beneficially owns 5.0% of ACCURAY INC's Common Stock. This translates to 4,533,404 shares, giving BlackRock significant influence as a passive investor. This matters to shareholders because BlackRock's substantial stake indicates a vote of confidence in Accuray's long-term prospects, potentially signaling stability or future growth to other investors.
Why It Matters
BlackRock's significant ownership stake in ACCURAY INC suggests institutional confidence, which can positively influence market perception and potentially attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, generally seen as a positive or neutral development with low inherent risk.
Analyst Insight
An investor might view BlackRock's 5.0% passive stake as a positive signal, suggesting institutional confidence in ACCURAY INC, and could consider this when evaluating the stock for long-term holding.
Key Numbers
- 5.0% — Percentage of Class Owned (Represents BlackRock's beneficial ownership in ACCURAY INC, indicating a significant institutional stake.)
- 4,533,404 — Shares Beneficially Owned (The total number of Common Stock shares of ACCURAY INC held by BlackRock Inc., showing the scale of their investment.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and filer of the SC 13G
- ACCURAY INC (company) — the subject company whose securities are being reported
- 5.0% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- 4,533,404 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — date of event requiring the filing
- January 25, 2024 (person) — date the SC 13G filing was made
Forward-Looking Statements
- ACCURAY INC's stock price may experience a slight positive sentiment due to BlackRock's disclosed stake. (ACCURAY INC) — medium confidence, target: next 3 months
- BlackRock Inc. will maintain its passive investment stance in ACCURAY INC. (BlackRock Inc.) — high confidence, target: next 12 months
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by passive investors who acquire beneficial ownership of more than 5% of a company's voting stock, indicating they do not intend to influence or control the company's management or policies. BlackRock Inc. filed this SC 13G under Rule 13d-1(b).
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., a major investment management corporation, as stated in item (1) of the cover page and the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is ACCURAY INC, identified by its CUSIP Number 004397105 and listed as the 'Name of Issuer' in the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What type of securities does BlackRock Inc. own in ACCURAY INC?
BlackRock Inc. owns 'Common Stock' of ACCURAY INC, as specified under 'Title of Class of Securities' in the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 25, 2024 by December 31, 2023 regarding ACCURAY INC (ARAY).