Cricut, Inc. (NASDAQ:CRCT) Position Boosted by Barclays PLC

Barclays PLC boosted its stake in shares of Cricut, Inc. (NASDAQ:CRCT - Free Report) by 366.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,440 shares of the company's stock after purchasing an additional 60,058 shares during the period. Barclays PLC's holdings in Cricut were worth $529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in Cricut by 42.7% during the second 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 in the last quarter. Tenzing Global Management LLC raised its stake in shares of Cricut by 4.9% in the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company's stock valued at $14,900,000 after acquiring an additional 100,000 shares during the period. Algert Global LLC acquired a new position in shares of Cricut during the 2nd quarter valued at $558,000. Martingale Asset Management L P boosted its position in Cricut by 258.6% during the 3rd quarter. Martingale Asset Management L P now owns 125,846 shares of the company's stock worth $872,000 after purchasing an additional 90,757 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Cricut by 217.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company's stock valued at $552,000 after purchasing an additional 63,116 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company's stock.

Cricut Stock Down 0.9 %

Shares of NASDAQ CRCT traded down $0.05 during trading on Friday, reaching $5.73. 220,104 shares of the stock were exchanged, compared to its average volume of 244,872. The business's 50-day moving average price is $5.65 and its 200 day moving average price is $5.97. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 20.46 and a beta of -0.01. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its earnings results 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). The business had revenue of $167.89 million for 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 firm posted $0.08 earnings per share. As a group, sell-side analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The firm 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 dividend of $0.50 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut's dividend payout ratio (DPR) is currently 71.43%.

Insider Transactions at Cricut

In other news, CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.87, for a total value of $352,200.00. Following the completion of the transaction, the chief executive officer now owns 3,897,038 shares in the company, valued at approximately $22,875,613.06. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald B. Olsen sold 30,000 shares of the company's stock in a transaction that occurred 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 in the company, 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. Over the last quarter, insiders sold 253,049 shares of company stock valued at $1,445,205. 18.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.