BlackRock Updates Passive Stake in Progyny, Inc. (PGNY)
Ticker: PGNY · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1551306
| Field | Detail |
|---|---|
| Company | Progyny, Inc. (PGNY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in Progyny, showing it's still holding shares.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Progyny, Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, updates previous disclosures about BlackRock's passive investment in Progyny. 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 Progyny's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in Progyny, Inc., which can be a vote of confidence from a major institutional investor. Investors often watch what large funds like BlackRock are doing.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor and doesn't indicate any immediate risk or significant change in company operations.
Analyst Insight
An investor should note that BlackRock continues to hold a passive stake in Progyny, Inc. This is a routine update and doesn't suggest any immediate buy or sell action, but it confirms a major institutional investor's continued presence.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Progyny, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 2 (number) — the specific amendment number of the filing
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 Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the 'subject company' in this filing?
The subject company, whose securities are being reported, is Progyny, Inc. (CIK: 0001551306).
Who is the 'filing person' or 'reporting person' in this document?
The filing person, or reporting person, is BlackRock Inc. (CIK: 0001364742).
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement is December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Progyny, Inc. is 74340E103.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Progyny, Inc. (PGNY).