Nisa Investment Advisors LLC Acquires 10,805 Shares of Cricut, Inc. (NASDAQ:CRCT)

Nisa Investment Advisors LLC increased its stake in Cricut, Inc. (NASDAQ:CRCT) by 141.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,449 shares of the company’s stock after buying an additional 10,805 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cricut were worth $105,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CRCT. Dimensional Fund Advisors LP boosted its stake in Cricut by 217.5% in the second quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after acquiring an additional 63,116 shares during the last quarter. Marshall Wace LLP purchased a new stake in Cricut in the second quarter worth $370,000. AQR Capital Management LLC raised its stake in shares of Cricut by 3.1% in the second 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. Algert Global LLC purchased a new position in shares of Cricut during the 2nd quarter valued at $558,000. Finally, SG Americas Securities LLC bought a new position in shares of Cricut during the 3rd quarter worth $118,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Cricut Price Performance

Shares of CRCT stock opened at $5.48 on Friday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 19.57 and a beta of -0.01. The company’s fifty day simple moving average is $5.72 and its two-hundred day simple moving average is $5.98. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40.

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

Analysts Set New Price Targets

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

Insider Transactions at Cricut

In related news, CEO Arora Ashish sold 54,839 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.29, for a total value of $290,098.31. Following the sale, the chief executive officer now owns 3,980,294 shares in the company, valued at approximately $21,055,755.26. This trade represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Donald B. Olsen sold 30,000 shares of Cricut 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 directly owns 625,833 shares of the company’s stock, valued at $3,273,106.59. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,549 shares of company stock valued at $1,691,917. 18.02% of the stock is currently owned by corporate insiders.

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.