Published on 11 Apr 2023 on Simply Wall St. via Yahoo Finance
With 61% ownership of the shares, Cricut, Inc. (NASDAQ:CRCT) is heavily dominated by institutional...
Key Insights
Given the large stake in the stock by institutions, Cricut's stock price might be vulnerable to their trading decisions57% of the company is held by a single shareholder (Petrus Trust Company, LTA) Insider ownership in Cricut is 18%
Every investor in Cricut, Inc. (NASDAQ:CRCT) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 61% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).