Abdiel Capital Amends Cricut Stake, Signals Ownership Change
Ticker: CRCT · Form: SC 13G/A · Filed: Jan 16, 2024 · CIK: 1828962
| Field | Detail |
|---|---|
| Company | Cricut, Inc. (CRCT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 16, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investor
TL;DR
**Abdiel Capital updated its Cricut stock ownership, signaling a change in its stake.**
AI Summary
Abdiel Qualified Master Fund, LP, a Cayman Islands-based investment fund, filed an amended SC 13G/A on January 16, 2024, indicating a change in its ownership of Cricut, Inc. Class A Common Stock. This filing, triggered by an event on January 11, 2024, updates their previous disclosure regarding their stake in the crafting technology company. For investors, this matters because significant changes in institutional ownership can signal shifting sentiment or strategic moves by large holders, potentially influencing stock price or future corporate actions.
Why It Matters
Changes in major institutional holdings can impact a stock's perceived value and liquidity, as large investors often have deep insights or influence.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not inherently indicate a high level of risk.
Analyst Insight
An investor should monitor subsequent filings from Abdiel Qualified Master Fund, LP to understand the full extent of their ownership changes and consider if other institutional investors are making similar moves in Cricut, Inc. stock.
Key Players & Entities
- Abdiel Qualified Master Fund, LP (company) — the reporting person filing the SC 13G/A
- Cricut, Inc. (company) — the subject company whose stock is being reported
- January 11, 2024 (date) — the date of the event requiring the filing
- Cayman Island (company) — place of organization for Abdiel Qualified Master Fund, LP
- Abdiel Capital Advisors, LP (company) — a group member associated with the filing
- Abdiel Capital Management, LLC (company) — a group member associated with the filing
- Abdiel Capital, LP (company) — a group member associated with the filing
- Colin T. Moran (person) — a group member associated with the filing
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% but less than 20% of a company's stock, to update previously reported information, as stated in the filing's form type 'SC 13G/A'.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' in this specific filing is Abdiel Qualified Master Fund, LP, as clearly stated under 'Name of Reporting Person: Abdiel Qualified Master Fund, LP'.
What is the 'Subject Company' of this filing?
The 'Subject Company' is Cricut, Inc., identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cricut, Inc.'.
When did the event occur that triggered this filing?
The event which required the filing of this statement occurred on January 11, 2024, as indicated by 'Date of Event Which Requires Filing of this Statement January 11, 2024'.
What is the CUSIP number for Cricut, Inc.'s Class A Common Stock?
The CUSIP number for Cricut, Inc.'s Class A Common Stock is 22658D100, as listed under 'CUSIP No. 22658D100'.
Filing Stats: 1,367 words · 5 min read · ~5 pages · Grade level 10.9 · Accepted 2024-01-16 16:23:59
Key Financial Figures
- $0.001 — Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class o
Filing Documents
- d933046dsc13ga.htm (SC 13G/A) — 84KB
- 0001193125-24-008583.txt ( ) — 85KB
Ownership
Item 4 Ownership: (a) through (c): The information requested in these paragraphs is incorporated by reference to the cover pages to this Amendment No. 1 to Schedule 13G. Abdiel Capital Management, LLC and Abdiel Capital Advisors, LP serve as the general partner and the investment manager, respectively, of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. Colin T. Moran serves as managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which serves as the general partner of Abdiel Capital Advisors, LP. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. 7 CUSIP No. 22658D100
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 16, 2024 ABDIEL QUALIFIED MASTER FUND, LP By: Abdiel Capital Management, LLC, its General Partner By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL CAPITAL, LP By: Abdiel Capital Management, LLC, its General Partner By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL CAPITAL MANAGEMENT, LLC By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL CAPITAL ADVISORS, LP By: Abdiel Capital Partners, LLC, its General Partner By: /s/ Colin T. Moran Colin T. Moran, Managing Member COLIN T. MORAN By: /s/ Colin T. Moran Colin T. Moran, Individually 8