Walleye Capital LLC Acquires New Position in Cricut, Inc. (NASDAQ:CRCT)

Walleye Capital LLC acquired a new stake in Cricut, Inc. (NASDAQ:CRCT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,044 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Cricut by 10.9% in the first quarter. Vanguard Group Inc. now owns 3,658,790 shares of the company’s stock worth $17,416,000 after acquiring an additional 360,080 shares during the last quarter. 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 worth $2,714,000 after acquiring an additional 135,539 shares during the last quarter. Algert Global LLC purchased a new position in Cricut in the second quarter worth approximately $558,000. Martingale Asset Management L P lifted its position in shares of Cricut by 258.6% during the 3rd quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after buying an additional 90,757 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cricut by 217.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock worth $552,000 after buying an additional 63,116 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analyst Ratings Changes

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

Cricut Trading Up 0.2 %

Shares of NASDAQ:CRCT opened at $5.95 on Wednesday. The company has a market capitalization of $1.28 billion, a PE ratio of 21.25 and a beta of 0.03. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The firm has a 50 day simple moving average of $5.99 and a 200-day simple moving average of $6.07.

Cricut (NASDAQ:CRCT) last released 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). Cricut had a net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $167.89 million during the quarter, compared to analysts’ expectations of $165.35 million. During the same quarter last year, the company earned $0.08 EPS. As a group, equities research analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

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

Insider Activity at Cricut

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

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.