FMR LLC & Abigail Johnson Hold 7.525% Stake in Clarus Corp.
Ticker: CLAR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 913277
| Field | Detail |
|---|---|
| Company | Clarus Corp (CLAR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, ownership-update
TL;DR
**FMR LLC still owns 7.525% of Clarus Corp., a bullish sign from a big player.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Clarus Corp. (CLAR) to 7.525% of the common stock, totaling 2,870,793 shares, as of February 9, 2024. This filing indicates a significant, but not controlling, passive investment by FMR LLC, suggesting their continued belief in Clarus Corp.'s long-term prospects. For investors, this means a large institutional investor maintains a notable position, which can be a signal of confidence in the company's value.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a substantial stake in Clarus Corp., signaling their ongoing confidence in the company's value.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive investment by a large institution, which generally reduces risk by showing sustained institutional interest.
Analyst Insight
A smart investor would view this as a sign of continued institutional confidence, but should still conduct their own due diligence on Clarus Corp.'s fundamentals and future prospects, as this is a passive investment and not an activist one.
Key Numbers
- 2,870,793 — Shares Beneficially Owned (Represents the total number of Clarus Corp. common shares held by FMR LLC and Abigail P. Johnson.)
- 7.525% — Percentage of Class (Indicates the proportion of Clarus Corp.'s common stock 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, principal owner of FMR LLC
- Clarus Corp. (company) — the issuer of the common stock
- 2,870,793 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.525% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Clarus Corp. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who is the primary reporting person in this SC 13G/A filing for Clarus Corp.?
The primary reporting person in this SC 13G/A filing is FMR LLC, a parent holding company, as stated in Item 1 and Item 3 of the filing.
What is the total number of Clarus Corp. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson beneficially own a total of 2,870,793 shares of Clarus Corp. common stock, as detailed in Item 4(a) for both reporting persons.
What percentage of Clarus Corp.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 7.525% of Clarus Corp.'s common stock, as indicated in Item 11 for both reporting persons and Item 4(b).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as designated by the checked box in the filing and confirmed in Item 3.
What is the CUSIP number for Clarus Corp. common stock mentioned in the filing?
The CUSIP number for Clarus Corp. common stock is 18270P109, as stated multiple times in the filing, including under Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Clarus Corp (CLAR).