The bearish cluster, combined with zero analyst bullishness and insider selling, suggests continued downward pressure. Monitor Q4 2024 13F filings for further institutional exits and any earnings catalyst that could reverse sentiment. D.E. Shaw's ADD is a quant signal, not a fundamental endorsement — treat as noise.
Executive Summary
Cricut (CRCT) saw a bearish institutional cluster in Q3 2024, with 7 sellers trimming $1.2M in aggregate versus 3 buyers adding $1.3M. The selling is dominated by active asset managers and includes notable trims from Invesco (-74.2%), Balyasny (-55.5%), and Trexquant (-28.2%), while D.E. Shaw's quant-driven ADD (+76.5%) provides a contrarian counterweight. The cluster aligns with the stock's weak analyst consensus (0% bullish) and recent insider selling, reinforcing a bearish near-term outlook.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.3M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | ADD | +76.5% | $2.2M | $1.1M |
| Lazard Asset Management | ADD | +53.1% | $1.0K | $438.00 |
| Legal & General Group | DOUBLED | +114.3% | $314.0K | $187.0K |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | TRIM | -74.2% | $505.0K | -$354.7K |
| Nisa Investment Advisors | TRIM | -56.7% | $106.0K | -$52.8K |
| Verition Fund Management | TRIM | -43.8% | $255.0K | -$89.1K |
| Trexquant Investment | TRIM | -28.2% | $1.4M | -$243.6K |
| Balyasny Asset Management | TRIM | -55.5% | $344.0K | -$166.6K |
| Centiva Capital | TRIM | -46.2% | $165.0K | -$62.3K |
| Strs Ohio | TRIM | -47% | $507.0K | -$196.3K |
Key Facts
- 7 institutional sellers trimmed $1.2M in aggregate vs 3 buyers adding $1.3M
- Invesco cut its position by 74.2% (shares 84.3K → 21.7K, value -$354.7K)
- Balyasny Asset Management trimmed 55.5% (shares 57.3K → 25.5K, value -$166.6K)
- Trexquant Investment trimmed 28.2% (shares 240.6K → 172.8K, value -$243.6K)
- D.E. Shaw added 76.5% (shares 181.5K → 320.5K, value +$1.1M) — quant-driven, not fundamental conviction
- Analyst consensus: 0% bullish (0 Strong Buy/Buy, 4 Sell, 2 Strong Sell)
- Recent insider activity: 5 sells totaling $854K in the past 30 days
Financial Impact
Net institutional selling of ~$1.2M against buying of $1.3M, with 7 of 10 tracked funds reducing exposure; largest single trim was Invesco's $354.7K reduction
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- D.E. Shaw's ADD could indicate a mean-reversion or statistical arbitrage strategy, not fundamental conviction
- Low float and thin liquidity could amplify any positive catalyst, creating asymmetric upside risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-CRCT-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 12d ago | Press Release | $6.49 | awaiting T+60 | — | — |
Aug 26, 2026 8w ago | Insider Cluster | $5.68 | awaiting T+60 | — | — |
Aug 19, 2026 9w ago | Insider Cluster | $5.40 | awaiting T+60 | — | — |
Aug 4, 2026 11w ago | 8-K | $6.07 | awaiting T+60 | — | — |
Jun 12, 2026 19w ago | Institutional Cluster | $4.49 $5.45 | ▼ −21.38% | ▼ −18.12% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $4.47 $5.54 | ▲ +23.94% | ▲ +19.54% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $4.47 $5.54 | ▲ +23.94% | ▲ +19.54% | — |
Jun 3, 2026 20w ago | Insider Cluster | $4.13 $5.80 | ▲ +40.44% | ▲ +38.55% | — |
Jun 3, 2026 20w ago | Insider Cluster | $4.13 $5.80 | ▲ +40.44% | ▲ +38.55% | — |
Jun 1, 2026 20w ago | Insider Cluster | $4.15 $5.81 | ▲ +40.00% | ▲ +38.88% | — |
US Market Status
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