BlackRock Discloses Passive Stake in Hims & Hers Health

TL;DR

**BlackRock just revealed a big, passive stake in Hims & Hers, signaling institutional confidence.**

AI Summary

BlackRock Inc., a major investment firm, filed an SC 13G on January 31, 2024, disclosing its ownership of Class A Common Stock in Hims & Hers Health, Inc. as of December 31, 2023. This filing indicates that BlackRock holds a significant, but passive, stake in Hims & Hers, meaning they are not seeking to influence management. For investors, this signals that a large institutional investor sees value in Hims & Hers, potentially boosting confidence in the stock.

Why It Matters

This filing shows that a major institutional investor, BlackRock, has a significant position in Hims & Hers, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative risks for the company or its shareholders.

Analyst Insight

A smart investor would view BlackRock's passive stake as a positive signal, potentially indicating long-term value, and might consider further research into Hims & Hers Health, Inc.'s fundamentals.

Key Players & Entities

• BlackRock Inc. (company) — the investment firm filing the SC 13G
• Hims & Hers Health, Inc. (company) — the subject company whose stock is being reported
• Class A Common Stock (other) — the type of securities owned by BlackRock
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the filing date of the SC 13G

Forward-Looking Statements

• Hims & Hers Health, Inc. stock may see increased investor confidence due to BlackRock's disclosed stake. (Hims & Hers Health, Inc.) — medium confidence, target: Q1 2024

FAQ

From the Filing

0001086364-24-006045.txt : 20240131 0001086364-24-006045.hdr.sgml : 20240131 20240131140828 ACCESSION NUMBER: 0001086364-24-006045 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Hims & Hers Health, Inc. CENTRAL INDEX KEY: 0001773751 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91087 FILM NUMBER: 24582194 BUSINESS ADDRESS: STREET 1: 2269 CHESTNUT ST STREET 2: #523 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 BUSINESS PHONE: 415-851-0195 MAIL ADDRESS: STREET 1: 2269 CHESTNUT ST STREET 2: #523 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 FORMER COMPANY: FORMER CONFORMED NAME: Oaktree Acquisition Corp. DATE OF NAME CHANGE: 20190412 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us4330001060_013124.txt us4330001060_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Hims & Hers Health Inc -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 433000106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 433000106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 10604772 (6) Shared voting power 0 (7) Sole dispositive power 10859383 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 10859383 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Hims & Hers Health Inc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2269 CHESTNUT ST, #523 SAN FRANCISCO CA 94123 Item 2. 2(a) Name of person filing: ---