BlackRock Amends Fastly Stake, Discloses Dec 31 Holdings
Ticker: FSLY · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1517413
| Field | Detail |
|---|---|
| Company | Fastly, Inc. (FSLY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Fastly stake, showing its holdings as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Fastly, Inc. Class A 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. This matters because significant changes in institutional ownership can signal shifts in confidence or strategy regarding Fastly's future performance.
Why It Matters
This filing updates BlackRock's position in Fastly, Inc., providing transparency on a major institutional investor's stake, which can impact market sentiment and trading activity.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal high risk for the company.
Analyst Insight
An investor should note BlackRock's continued institutional interest in Fastly, Inc. and consider this as part of their broader due diligence, but this filing alone doesn't suggest immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Fastly, Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event which required 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 subject company of this filing?
The subject company is Fastly, Inc., with CIK 0001517413 and business address 475 Brannan Street, Suite 300, San Francisco, CA 94107.
Who filed this SC 13G/A?
This SC 13G/A was filed by BlackRock Inc., with CIK 0001364742 and business address 50 Hudson Yards, New York, NY 10001.
What is the CUSIP number for the securities reported?
The CUSIP number for the Class A Common Stock of Fastly, Inc. is 31188V100.
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 Fastly, Inc. (FSLY).