AQR Capital Management LLC Increases Stock Position in Cricut, Inc. (NASDAQ:CRCT)

AQR Capital Management LLC boosted its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 765,474 shares of the company’s stock after purchasing an additional 23,345 shares during the period. AQR Capital Management LLC owned approximately 0.35% of Cricut worth $4,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Cricut by 150.8% during the second quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after acquiring an additional 5,835 shares in 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 valued at $65,000 after purchasing an additional 13,645 shares during the last quarter. Arizona State Retirement System grew its stake in Cricut by 20.8% during the 2nd 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 in the last quarter. Bleakley Financial Group LLC purchased a new stake in Cricut during the 1st quarter worth approximately $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 in the last quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Cricut Trading Up 4.9 %

Cricut stock opened at $6.47 on Friday. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $9.49. The stock has a market cap of $1.40 billion, a P/E ratio of 22.31 and a beta of 0.12. The stock has a 50 day moving average of $6.10 and a 200-day moving average of $5.94.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The firm 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 period in the prior year, the firm posted $0.07 EPS. As a group, equities analysts predict that Cricut, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Cricut

In related news, CEO Arora Ashish sold 77,823 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $6.37, for a total value of $495,732.51. Following the completion of the sale, the chief executive officer now directly owns 2,690,544 shares of the company’s stock, valued at $17,138,765.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Cricut news, EVP Donald B. Olsen sold 40,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arora Ashish sold 77,823 shares of Cricut stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $6.37, for a total transaction of $495,732.51. Following the completion of the transaction, the chief executive officer now directly owns 2,690,544 shares of the company’s stock, valued at $17,138,765.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 267,112 shares of company stock valued at $1,599,515. Insiders own 18.02% of the company’s stock.

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.