Cricut, Inc. (NASDAQ:CRCT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,899 shares of the company’s stock after acquiring an additional 3,034 shares during the quarter. Principal Financial Group Inc.’s holdings in Cricut were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cricut by 10.9% during the first quarter. Vanguard Group Inc. now owns 3,658,790 shares of the company’s stock worth $17,416,000 after acquiring an additional 360,080 shares during the last quarter. GSA Capital Partners LLP raised its stake in Cricut by 584.2% during the first quarter. GSA Capital Partners LLP now owns 423,849 shares of the company’s stock worth $2,018,000 after purchasing an additional 361,904 shares during the period. Bank of New York Mellon Corp raised its stake in Cricut by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 215,099 shares of the company’s stock worth $1,288,000 after purchasing an additional 18,939 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Cricut during the first quarter worth approximately $758,000. Finally, Swiss National Bank raised its stake in Cricut by 6.8% during the first quarter. Swiss National Bank now owns 72,500 shares of the company’s stock worth $345,000 after purchasing an additional 4,600 shares during the period. Institutional investors and hedge funds own 19.60% of the company’s stock.

Insider Activity

In other news, EVP Donald B. Olsen sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.74, for a total value of $229,600.00. Following the transaction, the executive vice president now owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Arora Ashish sold 38,495 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $5.94, for a total value of $228,660.30. Following the transaction, the chief executive officer now owns 2,505,840 shares of the company’s stock, valued at approximately $14,884,689.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald B. Olsen sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.74, for a total transaction of $229,600.00. Following the completion of the transaction, the executive vice president now directly owns 655,833 shares in the company, valued at approximately $3,764,481.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 267,112 shares of company stock valued at $1,599,515. Company insiders own 18.02% of the company’s stock.

Cricut Stock Up 4.3 %

NASDAQ:CRCT opened at $6.07 on Monday. The company has a market cap of $1.32 billion, a P/E ratio of 20.93 and a beta of 0.10. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $9.74. The firm’s 50 day moving average is $5.90 and its two-hundred day moving average is $5.78.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $167.95 million for the quarter, compared to the consensus estimate of $175.68 million. Cricut had a net margin of 9.16% and a return on equity of 13.18%. During the same quarter last year, the firm posted $0.07 earnings per share. Research analysts forecast that Cricut, Inc. will post 0.29 earnings per share for the current fiscal year.

Cricut Profile

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.