Cricut, Inc. (NASDAQ:CRCT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Cricut, Inc. (NASDAQ:CRCT) by 26.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,518 shares of the company’s stock after buying an additional 4,484 shares during the period. SG Americas Securities LLC’s holdings in Cricut were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CRCT. Nisa Investment Advisors LLC raised its holdings in Cricut by 141.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,449 shares of the company’s stock worth $105,000 after purchasing an additional 10,805 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 in the last quarter. Barclays PLC raised its holdings in Cricut by 366.6% during the third quarter. Barclays PLC now owns 76,440 shares of the company’s stock worth $529,000 after purchasing an additional 60,058 shares in the last quarter. Geode Capital Management LLC raised its holdings in Cricut by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock worth $7,495,000 after purchasing an additional 9,940 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Cricut during the third quarter worth approximately $168,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Donald B. Olsen sold 30,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $5.23, for a total value of $156,900.00. Following the transaction, the executive vice president now directly owns 625,833 shares in the company, valued at $3,273,106.59. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Arora Ashish sold 54,839 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $5.29, for a total transaction of $290,098.31. Following the completion of the transaction, the chief executive officer now owns 3,980,294 shares in the company, valued at $21,055,755.26. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,049 shares of company stock valued at $1,924,180. Insiders own 18.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their target price on Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

Cricut Trading Up 1.3 %

Shares of NASDAQ:CRCT opened at $5.63 on Wednesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 20.11 and a beta of -0.02. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40. The firm has a fifty day moving average price of $5.75 and a 200 day moving average price of $5.95.

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.