BlackRock Discloses 5.1% Stake in Cricut (CRCT)
Ticker: CRCT · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1828962
| Field | Detail |
|---|---|
| Company | Cricut, Inc. (CRCT) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13g
TL;DR
**BlackRock owns 5.1% of Cricut, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that as of December 31, 2023, it holds a significant stake in Cricut, Inc. (NASDAQ: CRCT) Class A Common Stock. This filing indicates BlackRock's continued confidence in Cricut, holding 5.1% of the company's shares. For investors, this means a large institutional investor sees value in Cricut, potentially signaling stability or future growth prospects for the stock.
Why It Matters
This filing shows that a major institutional investor, BlackRock, maintains a substantial position in Cricut, which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional holding and does not indicate any immediate negative risks for the company.
Analyst Insight
Investors should note BlackRock's continued stake as a sign of institutional interest, but also conduct their own due diligence on Cricut's fundamentals and market conditions before making investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — reporting person, institutional investor
- Cricut, Inc. (company) — subject company, issuer of securities
- Class A Common Stock (company) — type of security held by BlackRock
- December 31, 2023 (date) — date of event requiring the filing
- January 29, 2024 (date) — filing date of the SC 13G
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically under Rule 13d-1(b) of the Securities Exchange Act of 1934, which is used by passive institutional investors to report their beneficial ownership.
Which company is the subject of this filing?
The subject company of this filing is Cricut, Inc., with a CIK of 0001828962 and a business address at 10855 South River Front Parkway, South Jordan, UT 84095.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., a major investment management firm, with a CIK of 0001364742 and a business address at 50 Hudson Yards, New York, NY 10001.
What is the specific security class mentioned in the filing?
The specific security class mentioned in the filing is 'Class A Common Stock' of Cricut, Inc., identified by CUSIP Number 22658D100.
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, indicating the reporting period for the ownership stake.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding Cricut, Inc. (CRCT).