Cricut, Inc. (NASDAQ:CRCT) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,328 shares of the company’s stock after acquiring an additional 10,348 shares during the period. Bleakley Financial Group LLC’s holdings in Cricut were worth $293,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Cricut by 42.7% in the second 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. Lazard Asset Management LLC grew its holdings in Cricut by 9,096.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after buying an additional 13,645 shares in the last quarter. Algert Global LLC bought a new position in Cricut during the 2nd quarter valued at $558,000. Nisa Investment Advisors LLC boosted its stake in Cricut by 252,185.7% during 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. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Cricut during the 1st quarter worth $758,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Insider Buying and Selling at Cricut

In other Cricut news, CEO Arora Ashish sold 77,823 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $6.37, for a total transaction of $495,732.51. Following the transaction, the chief executive officer now directly owns 2,690,544 shares in the company, valued at $17,138,765.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Arora Ashish sold 77,823 shares of the firm’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 sale, the chief executive officer now directly owns 2,690,544 shares of the company’s stock, valued at approximately $17,138,765.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Donald B. Olsen sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $5.74, for a total value of $229,600.00. Following the completion of the sale, the executive vice president now directly owns 655,833 shares in the company, valued at approximately $3,764,481.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 267,112 shares of company stock worth $1,599,515 over the last three months. Corporate insiders own 18.02% of the company’s stock.

Cricut Stock Down 2.0 %

CRCT opened at $6.50 on Thursday. The business has a fifty day simple moving average of $6.21 and a 200-day simple moving average of $6.10. The firm has a market cap of $1.41 billion, a PE ratio of 22.41 and a beta of 0.12. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.79.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. Cricut had a return on equity of 13.18% and a net margin of 9.16%. The business had revenue of $167.95 million during the quarter, compared to analyst estimates of $175.68 million. During the same period last year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate 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.