Exchange Traded Concepts LLC Acquires 2,272 Shares of Cricut, Inc. (NASDAQ:CRCT)

Exchange Traded Concepts LLC lifted its holdings in shares of Cricut, Inc. (NASDAQ:CRCT) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,055 shares of the company’s stock after purchasing an additional 2,272 shares during the period. Exchange Traded Concepts LLC’s holdings in Cricut were worth $280,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CRCT. Barclays PLC lifted its holdings in Cricut by 366.6% during the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock worth $529,000 after buying an additional 60,058 shares during the period. Geode Capital Management LLC raised its position in shares of Cricut by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock worth $7,495,000 after acquiring an additional 9,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cricut by 6.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock worth $607,000 after acquiring an additional 5,613 shares during the period. Algert Global LLC bought a new stake in Cricut in the second quarter valued at approximately $558,000. Finally, JPMorgan Chase & Co. increased its position in Cricut by 296.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after purchasing an additional 138,385 shares during the period. Institutional investors own 19.60% of the company’s stock.

Cricut Trading Down 2.0 %

CRCT stock opened at $5.37 on Friday. The stock has a 50-day moving average price of $5.72 and a 200-day moving average price of $5.97. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The firm has a market cap of $1.15 billion, a PE ratio of 19.18 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business 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 last year, the firm posted $0.08 earnings per share. On average, analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Cricut

In related news, CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $6.31, for a total transaction of $134,087.50. Following the transaction, the chief executive officer now directly owns 3,823,340 shares of the company’s stock, valued at approximately $24,125,275.40. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald B. Olsen sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $5.23, for a total value of $156,900.00. Following the completion of the sale, the executive vice president now directly owns 625,833 shares of the company’s stock, valued at $3,273,106.59. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 295,549 shares of company stock worth $1,691,917 in the last quarter. Company insiders own 18.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reduced their price objective on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th.

About Cricut

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.