FMR LLC & Abigail Johnson Trim Tandem Diabetes Stake to 4.565%

TL;DR

**FMR LLC and Abigail Johnson now own 4.565% of TNDM, down slightly from prior filings.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Tandem Diabetes Care Inc. As of December 31, 2023, they collectively beneficially own 2,977,273 shares of common stock, representing 4.565% of the company. This is an amendment to a previous filing, indicating a slight reduction from their prior reported ownership, which could signal a shift in their investment strategy or a rebalancing of their portfolio. Investors should note that a large institutional investor reducing its stake, even slightly, might suggest a less bullish outlook on the stock's near-term prospects.

Why It Matters

This filing shows a prominent institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their ownership in Tandem Diabetes Care, which could be interpreted as a minor decrease in confidence or a portfolio adjustment.

Risk Assessment

Risk Level: low — The change in ownership percentage is minor, and FMR LLC remains a significant shareholder, indicating no immediate severe risk.

Analyst Insight

Investors should monitor future filings from FMR LLC to see if this slight reduction in ownership is part of a larger trend or merely a portfolio rebalancing. While not a strong bearish signal, it's worth noting for those considering TNDM stock.

Key Numbers

• 2,977,273 — Shares Beneficially Owned (Total common stock shares of Tandem Diabetes Care Inc. owned by FMR LLC and Abigail P. Johnson.)
• 4.565% — Percent of Class (The percentage of Tandem Diabetes Care Inc.'s common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
• TANDEM DIABETES CARE INC (company) — the issuer of the securities
• 2,977,273 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 4.565% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson

FAQ

From the Filing

0000315066-24-001442.txt : 20240209 0000315066-24-001442.hdr.sgml : 20240209 20240209094931 ACCESSION NUMBER: 0000315066-24-001442 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TANDEM DIABETES CARE INC CENTRAL INDEX KEY: 0001438133 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 204327508 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87718 FILM NUMBER: 24612059 BUSINESS ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE CITY: San Diego STATE: CA ZIP: 92130 BUSINESS PHONE: 858-366-6900 MAIL ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE CITY: San Diego STATE: CA ZIP: 92130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.6 TANDEM DIABETES CARE INC COMMON STOCK Cusip #875372203 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) Cusip #875372203 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 2,968,292 Item 6: 0 Item 7: 2,977,273 Item 8: 0 Item 9: 2,977,273 Item 11: 4.565% Item 12: HC Cusip #875372203 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 2,977,273 Item 8: 0 Item 9: 2,977,273 Item 11: 4.565% Item 12: IN Item 1(a). Name of Issuer: TANDEM DIABETES CARE INC Item 1(b). Address of Issuer's Principal Executive Offices: 12400 HIGH BLUFF DRIVE San Diego, CA 92130 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 875372203 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 2,977,273 (b) Percent of Class: 4.565% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 2,977,273 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of TANDEM DIABETES CARE INC. No one other person's interest in the COMMON STOCK of TANDEM DIABETES CARE INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhib