Cricut, Inc. (NASDAQ:CRCT) Stock Position Lifted by Cwm LLC

Cwm LLC boosted its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 23.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,026 shares of the company’s stock after purchasing an additional 2,322 shares during the period. Cwm LLC’s holdings in Cricut were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its position in Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after purchasing an additional 2,103 shares in the last quarter. Principal Financial Group Inc. grew its position in Cricut by 9.8% during the second quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock valued at $203,000 after purchasing an additional 3,034 shares in the last quarter. Rhumbline Advisers grew its position in Cricut by 5.8% during the second quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock valued at $372,000 after purchasing an additional 3,397 shares in the last quarter. Swiss National Bank lifted its stake in Cricut by 6.8% in the first quarter. Swiss National Bank now owns 72,500 shares of the company’s stock valued at $345,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Cricut by 40.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,008 shares of the company’s stock valued at $134,000 after acquiring an additional 8,077 shares during the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

Cricut Stock Up 1.4 %

NASDAQ CRCT opened at $6.50 on Friday. The stock has a market capitalization of $1.41 billion, a PE ratio of 22.41 and a beta of 0.12. The company has a 50 day moving average price of $6.24 and a two-hundred day moving average price of $6.12. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.70.

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

Insider Buying and Selling at Cricut

In other news, EVP Donald B. Olsen sold 40,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 655,833 shares in the company, valued at approximately $3,764,481.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cricut news, EVP Donald B. Olsen sold 40,000 shares of the business’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 sale, the executive vice president now owns 655,833 shares of the company’s stock, valued at $3,764,481.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Arora Ashish sold 38,495 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was 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 in the company, valued at approximately $14,884,689.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 267,112 shares of company stock worth $1,599,515 over the last ninety days. 18.02% of the stock is currently owned by insiders.

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.