Cricut, Inc. (NASDAQ:CRCT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 71.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,445 shares of the company’s stock after selling 122,345 shares during the quarter. Jane Street Group LLC’s holdings in Cricut were worth $336,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tenzing Global Management LLC boosted its position in shares of Cricut by 4.9% in the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after acquiring an additional 100,000 shares during the last quarter. State Street Corp boosted its holdings in shares of Cricut by 3.2% in the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after purchasing an additional 31,584 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Cricut by 3.1% during the 2nd quarter. AQR Capital Management LLC now owns 765,474 shares of the company’s stock valued at $4,585,000 after buying an additional 23,345 shares during the period. American Century Companies Inc. increased its holdings in shares of Cricut by 42.7% during the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after buying an additional 135,539 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Cricut by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $2,313,000 after buying an additional 17,958 shares during the period. 19.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Cricut

In related news, CEO Arora Ashish sold 60,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.87, for a total value of $352,200.00. Following the sale, the chief executive officer now directly owns 3,897,038 shares of the company’s stock, valued at $22,875,613.06. This represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Donald B. Olsen sold 30,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.23, for a total transaction 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. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 253,049 shares of company stock valued at $1,445,205. Corporate insiders own 18.02% of the company’s stock.

Cricut Trading Down 3.8 %

Shares of Cricut stock opened at $5.62 on Friday. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 20.07 and a beta of -0.01. The company has a fifty day moving average price of $5.70 and a 200 day moving average price of $5.98.

Cricut (NASDAQ:CRCT) last issued its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $167.89 million during the quarter, compared to analysts’ expectations of $165.35 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. During the same period in the previous year, the company earned $0.08 EPS. Analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

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

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.