Walleye Capital LLC Invests $229,000 in Cricut, Inc. (NASDAQ:CRCT)

Walleye Capital LLC acquired a new position in shares of Cricut, Inc. (NASDAQ:CRCT) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 33,044 shares of the company’s stock, valued at approximately $229,000.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Cricut by 42.7% in the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after buying an additional 135,539 shares during the last quarter. Algert Global LLC purchased a new position in Cricut in the 2nd quarter worth about $558,000. Nisa Investment Advisors LLC boosted its position in Cricut by 252,185.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after acquiring an additional 17,653 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Cricut by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock valued at $2,313,000 after buying an additional 17,958 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Cricut by 7.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 268,926 shares of the company’s stock valued at $1,611,000 after buying an additional 17,898 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.

Cricut Price Performance

Shares of CRCT stock opened at $5.95 on Wednesday. The stock’s fifty day simple moving average is $5.99 and its 200 day simple moving average is $6.07. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 21.25 and a beta of 0.03. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period in the prior year, the firm earned $0.08 EPS. On average, research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.50 dividend. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s dividend payout ratio is currently 71.43%.

Insiders Place Their Bets

In other Cricut news, CEO Arora Ashish sold 54,839 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.29, for a total value of $290,098.31. Following the transaction, the chief executive officer now owns 3,980,294 shares of the company’s stock, valued at approximately $21,055,755.26. The trade was a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald B. Olsen sold 30,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.23, for a total value of $156,900.00. Following the completion of the transaction, the executive vice president now directly owns 625,833 shares in the company, valued at approximately $3,273,106.59. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.02% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their target price on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

Cricut Company 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.