Arrowstreet Capital Limited Partnership Sells 432,848 Shares of Cricut, Inc. $CRCT

Key Points

• Arrowstreet Capital cut its Cricut position by 61.2%, selling 432,848 shares during the first quarter and retaining 274,208 shares valued at approximately $1.03 million.
• Other institutional investors, including Millennium Management, Algert Global, Jacobs Levy and Tudor Investment, significantly increased their holdings; institutions collectively own about 19.6% of Cricut.
• Cricut’s latest quarter produced an earnings beat of $0.19 per share versus the $0.06 consensus, but revenue fell 9% year over year to $156.3 million. Analysts remain bearish, with a consensus “Strong Sell” rating and an average price target of $3.82.

Arrowstreet Capital Limited Partnership lessened its position in shares of Cricut, Inc. (NASDAQ:CRCT - Free Report) by 61.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,208 shares of the company's stock after selling 432,848 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.13% of Cricut worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CRCT. Millennium Management LLC grew its position in Cricut by 374.5% during the fourth quarter. Millennium Management LLC now owns 982,343 shares of the company's stock worth $4,863,000 after buying an additional 775,330 shares in the last quarter. Algert Global LLC raised its holdings in shares of Cricut by 354.9% in the 3rd quarter. Algert Global LLC now owns 615,697 shares of the company's stock valued at $3,873,000 after acquiring an additional 480,364 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Cricut by 76.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 906,141 shares of the company's stock valued at $5,700,000 after acquiring an additional 392,951 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Cricut by 824.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 358,213 shares of the company's stock valued at $2,253,000 after acquiring an additional 319,447 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Cricut during the third quarter worth about $1,570,000. 19.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ryan Harmer sold 17,267 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.12, for a total transaction of $71,140.04. Following the completion of the sale, the insider directly owned 325,579 shares in the company, valued at $1,341,385.48. This represents a 5.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jason Makler acquired 9,691 shares of the company's stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $4.34 per share, with a total value of $42,058.94. Following the acquisition, the director owned 29,690 shares in the company, valued at approximately $128,854.60. This trade represents a 48.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 213,633 shares of company stock valued at $1,023,514 over the last three months. Insiders own 16.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRCT. Weiss Ratings raised shares of Cricut from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 21st. Morgan Stanley reissued an "underweight" rating and issued a $3.70 price target on shares of Cricut in a report on Wednesday. Finally, The Goldman Sachs Group restated a "sell" rating and set a $3.75 price objective on shares of Cricut in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cricut has a consensus rating of "Strong Sell" and a consensus price target of $3.82.

Key Stories Impacting Cricut

Here are the key news stories impacting Cricut this week:

• Positive Sentiment: Q2 earnings exceeded expectations: Cricut reported adjusted earnings of $0.19 per share, well above the roughly $0.04–$0.06 analyst consensus and up from $0.11 a year earlier. Cricut Tops Q2 Earnings Estimates
• Positive Sentiment: Profitability strengthened: Net income increased 59% year over year to $39.1 million, supporting the view that cost controls are offsetting some sales pressure. Cricut Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Recurring subscriber base grew: Paid subscribers surpassed 3.1 million, up 3% from the prior year, providing support for Cricut’s subscription revenue model. Cricut Q2 2026 Earnings Call Transcript
• Positive Sentiment: Dividend supports the value case: Cricut paid its recurring semiannual dividend of $0.10 per share in July, which may appeal to income-oriented investors. Cricut Is Crafting Value Where It Matters Most
• Neutral Sentiment: Several institutional investors increased their holdings during the first and second quarters, including Arrowstreet Capital, Russell Investments and Jane Street, although institutional ownership remains about 19.6%.
• Negative Sentiment: Revenue missed estimates: Q2 revenue declined 9% year over year to approximately $156.3 million, below the $159.95 million consensus, signaling continued demand pressure despite the earnings beat. Cricut Q2 2026 Results Presentation
• Negative Sentiment: CEO selling adds a sentiment overhang: CEO Ashish Arora sold 60,000 shares at $4.77 and another 60,000 at $5.98. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan, and he still owns more than 4.2 million shares, reducing—but not eliminating—the concern. Cricut Insider Selling
• Negative Sentiment: Analyst outlook remains bearish: Morgan Stanley maintained an underweight rating with a $3.70 target, while the consensus remains “Strong Sell” with an average target of $3.82. Cricut Analyst Ratings

Cricut Price Performance

Shares of NASDAQ CRCT opened at $6.07 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 14.12 and a beta of 0.19. Cricut, Inc. has a one year low of $3.73 and a one year high of $6.93. The firm's 50 day simple moving average is $4.52 and its two-hundred day simple moving average is $4.36.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.13. Cricut had a net margin of 12.71% and a return on equity of 24.83%. The firm had revenue of $156.28 million during the quarter, compared to analyst estimates of $159.95 million. As a group, equities analysts expect that Cricut, Inc. will post 0.14 earnings per share for the current fiscal year.

About Cricut

Cricut, Inc NASDAQ: CRCT is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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