Barclays PLC Grows Stock Holdings in Cricut, Inc. (NASDAQ:CRCT)

Barclays PLC grew its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 366.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,440 shares of the company’s stock after acquiring an additional 60,058 shares during the period. Barclays PLC’s holdings in Cricut were worth $529,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in Cricut by 42.7% during the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after purchasing an additional 135,539 shares during the last quarter. Algert Global LLC purchased a new position in shares of Cricut during the second quarter valued at approximately $558,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cricut by 6.9% during 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 valued at $607,000 after acquiring an additional 5,613 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Cricut by 4.9% in the second quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $2,313,000 after acquiring an additional 17,958 shares during the period. Finally, State Street Corp boosted its holdings in Cricut by 3.2% in the third quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after acquiring an additional 31,584 shares in the last quarter. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their target price 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.

Insider Transactions at Cricut

In other news, CEO Arora Ashish sold 54,839 shares of Cricut stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $5.29, for a total value of $290,098.31. Following the completion of the transaction, the chief executive officer now owns 3,980,294 shares of the company’s stock, valued at $21,055,755.26. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald B. Olsen sold 30,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $5.23, for a total transaction of $156,900.00. Following the sale, the executive vice president now directly owns 625,833 shares in the company, valued at $3,273,106.59. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 210,549 shares of company stock valued at $1,199,555 in the last ninety days. 18.02% of the stock is currently owned by corporate insiders.

Cricut Stock Down 0.7 %

NASDAQ CRCT opened at $5.66 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of 20.21 and a beta of 0.03. The stock’s 50 day moving average is $5.79 and its 200 day moving average is $6.00. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40.

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

Cricut Dividend Announcement

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

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.