BlackRock Amends GoPro Stake: Passive Investment Update
Ticker: GPRO · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1500435
| Field | Detail |
|---|---|
| Company | Gopro, INC. (GPRO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its GoPro stake, signaling a passive investment change.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating a change in their ownership of GoPro, Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures regarding their passive investment in GoPro. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence in GoPro's future performance, potentially influencing other investors' decisions.
Why It Matters
Changes in major institutional ownership, like BlackRock's, can influence market sentiment and stock price, as large investors often conduct extensive due diligence.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk.
Analyst Insight
Investors should note that BlackRock's updated filing is a routine disclosure of a passive investment, not necessarily signaling a strong bullish or bearish stance. Further investigation into the specific changes in share count (which is not provided in this excerpt) would be needed to gauge the magnitude of their updated position.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- GoPro, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 7)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose shares are being reported?
The subject company is GoPro, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GoPro, Inc.' and 'GOPRO INC (Name of Issuer)'.
What is the class of securities being reported by BlackRock Inc.?
The class of securities being reported is 'Class A Common Stock' of GoPro, Inc., as specified under '(Title of Class of Securities)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding GoPro, Inc. (GPRO).