American Century Companies Inc. Increases Holdings in Cricut, Inc. (NASDAQ:CRCT)

American Century Companies Inc. increased its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 42.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 453,014 shares of the company’s stock after buying an additional 135,539 shares during the quarter. American Century Companies Inc.’s holdings in Cricut were worth $2,714,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in Cricut by 9,096.7% during the first quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after buying an additional 13,645 shares in the last quarter. Swiss National Bank raised its position in Cricut by 9.2% in the fourth quarter. Swiss National Bank now owns 67,900 shares of the company’s stock valued at $447,000 after purchasing an additional 5,700 shares during the period. Nisa Investment Advisors LLC raised its position in Cricut by 252,185.7% in the second quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after purchasing an additional 17,653 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Cricut in the first quarter valued at $758,000. Finally, Bleakley Financial Group LLC purchased a new stake in Cricut in the first quarter valued at $78,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Insider Activity at Cricut

In related news, CEO Arora Ashish sold 77,823 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $6.37, for a total value of $495,732.51. Following the sale, the chief executive officer now owns 2,690,544 shares in the company, valued at approximately $17,138,765.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Donald B. Olsen sold 40,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $5.74, for a total value of $229,600.00. Following the sale, the executive vice president now owns 655,833 shares in the company, valued at approximately $3,764,481.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Arora Ashish sold 77,823 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $6.37, for a total value of $495,732.51. Following the completion of the sale, the chief executive officer now owns 2,690,544 shares in the company, valued at approximately $17,138,765.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 267,112 shares of company stock worth $1,599,515. 18.02% of the stock is currently owned by company insiders.

Cricut Stock Down 0.7 %

NASDAQ:CRCT opened at $6.88 on Friday. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $9.49. The company has a market capitalization of $1.49 billion, a P/E ratio of 23.72 and a beta of 0.10. The stock’s fifty day moving average is $6.06 and its two-hundred day moving average is $5.89.

Cricut (NASDAQ:CRCT) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Cricut had a return on equity of 13.18% and a net margin of 9.16%. The company had revenue of $167.95 million for the quarter, compared to the consensus estimate of $175.68 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. Sell-side analysts anticipate 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.