Tudor Investment Corp ET AL Has $2.25 Million Stake in Cricut, Inc. $CRCT

Key Points

• Tudor Investment Corp ET AL boosted its holding in Cricut by 824% in Q3 to 358,213 shares, a $2.25 million stake representing about 0.17% of the company.
• Insiders have been net sellers: CEO Arora sold 13,458 shares on March 3, and insiders disposed of 235,124 shares (≈$1.06M) over the past three months, though corporate insiders still own 18.61%.
• Cricut stock is trading near $3.79 (market cap ~$802.7M) and carries a consensus analyst rating of "Strong Sell" with a $3.67 target, after reporting quarter results of $0.04 EPS on $203.6M revenue.

Tudor Investment Corp ET AL grew its position in Cricut, Inc. (NASDAQ:CRCT - Free Report) by 824.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,213 shares of the company's stock after buying an additional 319,447 shares during the quarter. Tudor Investment Corp ET AL owned 0.17% of Cricut worth $2,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Cricut by 11.5% in the second quarter. American Century Companies Inc. now owns 1,544,659 shares of the company's stock valued at $10,457,000 after acquiring an additional 159,339 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Cricut during the third quarter worth $1,324,000. Wealth Enhancement Advisory Services LLC bought a new stake in Cricut during the third quarter worth $141,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Cricut by 33.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,832 shares of the company's stock valued at $100,000 after purchasing an additional 3,962 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Cricut in the 3rd quarter valued at $68,000. Institutional investors own 19.60% of the company's stock.

Insiders Place Their Bets

In other Cricut news, CEO Arora Ashish sold 13,458 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $4.25, for a total transaction of $57,196.50. Following the completion of the transaction, the chief executive officer owned 3,724,995 shares in the company, valued at approximately $15,831,228.75. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 235,124 shares of company stock worth $1,064,443. Corporate insiders own 18.61% of the company's stock.

Cricut Trading Down 4.5%

NASDAQ CRCT opened at $3.79 on Friday. The business's 50-day moving average price is $4.33 and its two-hundred day moving average price is $4.96. Cricut, Inc. has a 12 month low of $3.77 and a 12 month high of $7.33. The firm has a market capitalization of $802.65 million, a PE ratio of 10.53 and a beta of 0.17.

Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The company had revenue of $203.60 million during the quarter, compared to the consensus estimate of $202.22 million. Cricut had a return on equity of 20.44% and a net margin of 10.82%. As a group, analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays reissued an "underweight" rating and set a $4.00 price target on shares of Cricut in a report on Wednesday, March 4th. Weiss Ratings raised Cricut from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, March 5th. Wall Street Zen cut Cricut from a "buy" rating to a "hold" rating in a research report on Saturday, November 29th. The Goldman Sachs Group lowered their target price on Cricut from $3.50 to $3.00 and set a "sell" rating for the company in a research note on Wednesday, January 14th. Finally, UBS Group reissued a "cautious" rating on shares of Cricut in a report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Strong Sell" and a consensus target price of $3.67.

Cricut Profile

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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