Cubist Systematic Strategies LLC Acquires 17,898 Shares of Cricut, Inc. (NASDAQ:CRCT)

Cubist Systematic Strategies LLC grew its position in Cricut, Inc. (NASDAQ:CRCT) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,926 shares of the company’s stock after purchasing an additional 17,898 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.12% of Cricut worth $1,611,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of Cricut by 20.8% in 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 during the period. Principal Financial Group Inc. raised its position in shares of Cricut by 9.8% in 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 during the period. Rhumbline Advisers raised its position in shares of Cricut by 5.8% in 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 during the period. Swiss National Bank raised its position in shares of 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 purchasing an additional 4,600 shares during the period. Finally, CWM LLC raised its position in shares of Cricut by 150.8% in the second quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after purchasing an additional 5,835 shares during the period. Institutional investors own 19.60% of the company’s stock.

Insider Buying and Selling

In other Cricut news, EVP Donald B. Olsen sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 655,833 shares in the company, valued at approximately $3,764,481.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Arora Ashish sold 53,301 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $5.79, for a total value of $308,612.79. Following the completion of the transaction, the chief executive officer now owns 2,637,243 shares of the company’s stock, valued at $15,269,636.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Donald B. Olsen sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $5.74, for a total transaction of $229,600.00. Following the transaction, the executive vice president now owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. The disclosure for this sale can be found here. Insiders have sold a total of 267,112 shares of company stock valued at $1,599,515 over the last three months. 18.02% of the stock is owned by corporate insiders.

Cricut Stock Down 5.9 %

NASDAQ:CRCT opened at $6.52 on Wednesday. The company’s 50 day moving average is $6.09 and its 200-day moving average is $5.93. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 22.48 and a beta of 0.10. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $9.49.

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, topping the consensus estimate of $0.05 by $0.04. The business had revenue of $167.95 million for the quarter, compared to the consensus estimate of $175.68 million. Cricut had a net margin of 9.16% and a return on equity of 13.18%. During the same quarter last year, the company posted $0.07 earnings per share. Research analysts predict that Cricut, Inc. will post 0.29 EPS 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.