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

Olympiad Research LP acquired a new stake in shares of Cricut, Inc. (NASDAQ:CRCT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,678 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Cricut by 296.2% during the third 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 during the last quarter. Tenzing Global Management LLC lifted its holdings in Cricut by 4.9% during the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after buying an additional 100,000 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Cricut by 258.6% in the 3rd quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after acquiring an additional 90,757 shares in the last quarter. Barclays PLC increased its holdings in shares of Cricut by 366.6% in the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock valued at $529,000 after acquiring an additional 60,058 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Cricut during the 3rd quarter valued at approximately $229,000. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $6.00, for a total value of $127,500.00. Following the sale, the chief executive officer now directly owns 3,844,590 shares in the company, valued at $23,067,540. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 253,210 shares of company stock worth $1,477,182 in the last three months. 18.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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 report on Wednesday, November 6th.

Cricut Trading Down 6.0 %

NASDAQ:CRCT opened at $5.63 on Tuesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 20.11 and a beta of -0.02. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The stock has a 50 day moving average of $5.75 and a 200-day moving average of $5.93.

Cricut Profile

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.