Marshall Wace LLP Invests $370,000 in Cricut, Inc. (NASDAQ:CRCT)

Marshall Wace LLP bought a new stake in Cricut, Inc. (NASDAQ:CRCT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,748 shares of the company’s stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of Cricut by 150.8% during the 2nd 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 last quarter. Lazard Asset Management LLC boosted its holdings in Cricut by 9,096.7% in the first quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after acquiring an additional 13,645 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after acquiring an additional 2,103 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Cricut during the first quarter valued at about $78,000. Finally, Nisa Investment Advisors LLC raised its position in shares of 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 purchasing an additional 17,653 shares during the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $5.74, for a total transaction of $229,600.00. Following the completion of the transaction, the executive vice president now directly owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 sale, the executive vice president now directly owns 655,833 shares of the company’s stock, valued at $3,764,481.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Arora Ashish sold 38,495 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $5.94, for a total value of $228,660.30. Following the completion of the transaction, the chief executive officer now directly owns 2,505,840 shares of the company’s stock, valued at $14,884,689.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 267,112 shares of company stock valued at $1,599,515 over the last quarter. 18.02% of the stock is currently owned by company insiders.

Cricut Trading Down 0.9 %

Shares of Cricut stock opened at $6.35 on Friday. The firm’s 50 day simple moving average is $6.11 and its two-hundred day simple moving average is $5.98. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 21.90 and a beta of 0.12. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.81.

Cricut (NASDAQ:CRCT) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $167.95 million during the quarter, compared to analyst estimates of $175.68 million. Cricut had a return on equity of 13.18% and a net margin of 9.16%. During the same quarter last year, the business posted $0.07 EPS. On average, sell-side analysts predict that Cricut, Inc. will post 0.29 EPS for the current fiscal year.

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.