11,678 Shares in Cricut, Inc. (NASDAQ:CRCT) Acquired by Olympiad Research LP

Olympiad Research LP purchased a new stake in Cricut, Inc. (NASDAQ:CRCT) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 11,678 shares of the company’s stock, valued at approximately $67,000.

Other large investors also recently made changes to their positions in the company. Tenzing Global Management LLC boosted its holdings in Cricut by 4.9% in the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after acquiring an additional 100,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Cricut by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after purchasing an additional 9,940 shares in the last quarter. State Street Corp grew its holdings in shares of Cricut by 3.2% during the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock worth $7,062,000 after purchasing an additional 31,584 shares during the period. JPMorgan Chase & Co. increased its position in Cricut by 296.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after purchasing an additional 138,385 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in Cricut by 6.7% in the third quarter. PDT Partners LLC now owns 127,137 shares of the company’s stock valued at $881,000 after buying an additional 8,022 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $5.66, for a total transaction of $120,275.00. Following the transaction, the chief executive officer now directly owns 3,630,377 shares of the company’s stock, valued at approximately $20,547,933.82. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 253,210 shares of company stock valued at $1,477,182. Corporate insiders own 18.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price objective on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, November 6th.

Cricut Price Performance

Shares of NASDAQ CRCT opened at $5.63 on Tuesday. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.11 and a beta of -0.02. The business has a 50-day moving average of $5.75 and a 200-day moving average of $5.93.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.