BlackRock Amends Workday Stake, Maintains Passive Position
Ticker: WDAY · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1327811
| Field | Detail |
|---|---|
| Company | Workday, Inc. (WDAY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: WDAY
TL;DR
**BlackRock still owns a chunk of Workday, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Workday, Inc. Class A Common Stock as of December 31, 2023. This amendment, number 3, indicates BlackRock's continued significant, but passive, stake in Workday. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in Workday's long-term prospects, potentially influencing other investors.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a significant, passive stake in Workday, Inc., signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of institutional confidence, but this filing alone doesn't warrant immediate action beyond monitoring Workday's performance and future filings.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Workday, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
- Class A Common Stock (other) — the type of securities held by BlackRock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Workday, Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously filed statement of beneficial ownership by a passive investor.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager, as stated in the 'FILED BY' section of the filing.
What is the subject company whose shares are being reported?
The subject company is Workday, Inc., identified under the 'SUBJECT COMPANY' section and as the 'Name of Issuer' on the Schedule 13G form.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Workday, Inc. is 98138H101, as listed on the Schedule 13G cover page.
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 specified on the Schedule 13G form.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Workday, Inc. (WDAY).