CRCT (Cricut Inc) may reap gains as insiders became active recently

Cricut Inc’s filing revealed that its 10% Owner Abdiel Capital Management, LLC unloaded Company’s shares for reported $18.3 million on Jan 11. In the deal valued at $6.10 per share,3,000,000 shares were sold. As a result of this transaction, Abdiel Capital Management, LLC now holds 6,273,978 shares worth roughly $35.76 million.

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Then, Abdiel Capital Management, LLC sold 52,092 shares, generating $330,784 in total proceeds. Upon selling the shares at $6.35, the 10% Owner now owns 9,273,978 shares.

Before that, Abdiel Capital Management, LLC sold 60,233 shares. Cricut Inc shares valued at $387,901 were divested by the 10% Owner at a price of $6.44 per share. As a result of the transaction, Abdiel Capital Management, LLC now holds 9,326,070 shares, worth roughly $53.16 million.

Goldman initiated its Cricut Inc [CRCT] rating to a Neutral in a research note published On Monday, December 13, 2023; the price target was $7.

Price Performance Review of CRCT

On Monday, Cricut Inc [NASDAQ:CRCT] saw its stock jump 4.97% to $5.70. Over the last five days, the stock has lost -0.18%. Cricut Inc shares have fallen nearly -13.51% since the year began. Nevertheless, the stocks have fallen -32.80% over the past one year. While a 52-week high of $16.51 was reached on 01/12/24, a 52-week low of $5.23 was recorded on 01/24/24. SMA at 50 days reached $6.62, while 200 days put it at $9.36. A total of 1.53 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For CRCT Stock

The 24-hour chart illustrates a support level at 5.44, which if violated will result in even more drops to 5.18. On the upside, there is a resistance level at 5.88. A further resistance level may holdings at 6.05. The Relative Strength Index (RSI) on the 14-day chart is 37.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.59%. Stochastics %K at 18.39% indicates the stock is a buying.

How much short interest is there in Cricut Inc?

A steep rise in short interest was recorded in Cricut Inc stocks on Jan 11, 2024, growing by 0.72 million shares to a total of 7.52 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 6.8 million shares. There was a rise of 9.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 23.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.08.

Cricut Inc [CRCT] – Who Are The Largest Shareholders?

In filings from Abdiel Capital Advisors LP, it is revealed that the company now owns 6,273,978 shares, or roughly 11.96% of the outstanding CRCT shares. In other words, the investor’s shares have fallen by -8,612,325 from its previous 13-F filing of 14886303.0. Additionally, The Vanguard Group, Inc. increased 4.48% of its stake after which the total value it holdings stand at $20,317,075, while Morgan Stanley Investment Managem added 6.47% of its stake to hold $20.29 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 37,711 shares of Cricut Inc, while Geode Capital Management LLC bought 53,777 shares. At present, SSgA Funds Management, Inc. is holding 885,081 shares valued at $5.83 million. Northern Trust Investments, Inc. owned 420,058 shares of the company at the time of its most recent 13F filing, worth $2.77 million.

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