Cricut, Inc. (NASDAQ:CRCT) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,092 shares of the company’s stock after purchasing an additional 3,397 shares during the period. Rhumbline Advisers’ holdings in Cricut were worth $372,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CWM LLC raised its holdings in Cricut by 150.8% in the 2nd quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after acquiring an additional 5,835 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Cricut by 9,096.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock valued at $65,000 after acquiring an additional 13,645 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Cricut in the 1st quarter valued at $78,000. Nisa Investment Advisors LLC raised its holdings in Cricut by 252,185.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after acquiring an additional 17,653 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Cricut by 40.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,008 shares of the company’s stock valued at $134,000 after buying an additional 8,077 shares during the period. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Cricut Stock Down 0.7 %

Shares of 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 firm has a fifty day moving average of $6.06 and a 200-day moving average of $5.89. The stock has a market capitalization of $1.49 billion, a PE ratio of 23.72 and a beta of 0.10.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. Cricut had a net margin of 9.16% and a return on equity of 13.18%. The company had revenue of $167.95 million during the quarter, compared to analysts’ expectations of $175.68 million. During the same period in the previous year, the company earned $0.07 EPS. Equities research analysts expect that Cricut, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity

In other news, CEO Arora Ashish sold 38,495 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $5.94, for a total transaction of $228,660.30. Following the completion of the sale, the chief executive officer now directly owns 2,505,840 shares of the company’s stock, valued at approximately $14,884,689.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Donald B. Olsen sold 40,000 shares of the company’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 sale, the executive vice president now directly owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arora Ashish sold 38,495 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $5.94, for a total transaction of $228,660.30. Following the sale, the chief executive officer now directly owns 2,505,840 shares of the company’s stock, valued at $14,884,689.60. The disclosure for this sale can be found here. Insiders sold 267,112 shares of company stock valued at $1,599,515 in the last ninety days. Company insiders own 18.02% of the company’s stock.

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.