BlackRock Boosts Corsair Gaming Stake to 10.4%
Ticker: CRSR · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1743759
| Field | Detail |
|---|---|
| Company | Corsair Gaming, Inc. (CRSR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**BlackRock now owns 10.4% of Corsair Gaming, signaling big institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Corsair Gaming, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 10,034,443 shares of Corsair Gaming's Common Stock, representing 10.4% of the company. This filing indicates a significant, but passive, institutional stake in Corsair Gaming, which could signal confidence from a large asset manager.
Why It Matters
This filing shows that a major institutional investor, BlackRock, holds a substantial portion of Corsair Gaming, Inc. stock, which can influence investor perception and potentially provide a floor for the stock price.
Risk Assessment
Risk Level: low — This filing indicates a passive ownership stake by a large institutional investor, which generally reduces risk by providing stability and institutional backing.
Analyst Insight
A smart investor would view BlackRock's significant 10.4% stake as a positive signal, suggesting institutional confidence in Corsair Gaming, Inc., and might consider further research into the company's fundamentals.
Key Numbers
- 10,034,443 — Shares owned by BlackRock (Represents BlackRock's significant beneficial ownership in Corsair Gaming, Inc. as of December 31, 2023.)
- 10.4% — Percentage of class owned (Indicates BlackRock's substantial stake in Corsair Gaming, Inc., making them a significant institutional holder.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Corsair Gaming, Inc. (company) — the subject company whose stock is being reported
- 10,034,443 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 10.4% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain its significant, passive stake in Corsair Gaming, Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by BlackRock Inc., as indicated in the 'FILED BY' section of the filing.
What company's stock is the subject of this filing?
The subject company for this filing is Corsair Gaming, Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
How many shares of Corsair Gaming, Inc. Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 10,034,443 shares of Corsair Gaming, Inc. Common Stock, according to the filing's cover page.
What percentage of Corsair Gaming, Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 10.4% of the class of Corsair Gaming, Inc.'s Common Stock, as reported in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Corsair Gaming, Inc. (CRSR).