BlackRock Amends 8x8 Inc. Stake, Files SC 13G/A
Ticker: EGHT · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1023731
| Field | Detail |
|---|---|
| Company | 8x8 Inc /De/ (EGHT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, blackrock
TL;DR
**BlackRock updated its 8x8 Inc. stake, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of 8X8 INC /DE/ (ticker not provided in filing, but implied by context) Common Stock as of December 31, 2023. This filing indicates a change in BlackRock's beneficial ownership, which is important for investors as large institutional holdings can influence stock stability and market perception. Investors should note that BlackRock, a major institutional investor, continues to hold a significant position in 8X8 INC /DE/.
Why It Matters
This filing updates BlackRock's beneficial ownership in 8X8 INC /DE/, providing transparency on a major institutional investor's position, which can impact market sentiment and liquidity for the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal a significant risk or opportunity, but rather provides transparency.
Analyst Insight
Investors should monitor subsequent filings from BlackRock to track any significant changes in their ownership percentage, as this could signal a shift in their investment thesis for 8X8 INC /DE/.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- 8X8 INC /DE/ (company) — the issuer of the Common Stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What is the subject company of this filing?
The subject company, or issuer, is 8X8 INC /DE/, with a Central Index Key (CIK) of 0001023731.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of 8X8 INC /DE/ is 282914100.
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.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding 8X8 INC /DE/ (EGHT).