Cricut, Inc. (NASDAQ:CRCT) Shares Purchased by Barclays PLC

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

Several other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Cricut by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 215,099 shares of the company’s stock worth $1,288,000 after acquiring an additional 18,939 shares during the period. Rhumbline Advisers lifted its holdings in shares of Cricut by 5.8% in the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock valued at $372,000 after buying an additional 3,397 shares during the period. American Century Companies Inc. lifted its holdings in shares of Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after buying an additional 135,539 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cricut by 217.5% during the second quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock worth $552,000 after acquiring an additional 63,116 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Cricut

In related news, CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $6.31, for a total transaction of $134,087.50. Following the completion of the transaction, the chief executive officer now directly owns 3,823,340 shares in the company, valued at $24,125,275.40. The trade was a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Donald B. Olsen sold 30,000 shares of the 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 sale, the executive vice president now owns 625,833 shares in the company, valued at approximately $3,273,106.59. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 253,049 shares of company stock worth $1,445,205. 18.02% of the stock is owned by corporate insiders.

Cricut Trading Down 0.9 %

Shares of Cricut stock opened at $5.73 on Friday. The company has a 50-day moving average of $5.65 and a two-hundred day moving average of $5.97. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40. The stock has a market cap of $1.23 billion, a PE ratio of 20.46 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $167.89 million for the quarter, compared to analyst estimates 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 prior year, the firm posted $0.08 earnings per share. On average, sell-side analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

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