BlackRock Updates Passive Stake in Five9 (FIVN) as of Dec 31, 2023
Ticker: FIVN · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1288847
| Field | Detail |
|---|---|
| Company | Five9, INC. (FIVN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Five9 stock ownership, confirming its continued passive stake.**
AI Summary
BlackRock Inc. has filed an amendment (SC 13G/A) to its ownership report for Five9, Inc. common stock, indicating its holdings as of December 31, 2023. This filing, Amendment No. 6, shows BlackRock's updated passive investment stake in Five9. This matters to investors because BlackRock is a major institutional investor, and changes in its reported holdings can signal its confidence (or lack thereof) in Five9's future prospects, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock's continued significant, albeit passive, ownership in Five9, providing transparency into a major institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in Five9, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of a large institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Five9, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- Amendment No: 6 (number) — the specific amendment number to BlackRock's Schedule 13G filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Which company is the 'Issuer' in this filing?
The 'Issuer' in this filing is Five9, Inc., with the CUSIP Number 338307101.
Who is the 'Reporting Person' making this filing?
The 'Reporting Person' making this filing is BlackRock Inc., identified by its Central Index Key (CIK) 0001364742.
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.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding Five9, Inc. (FIVN).