114,203 Shares in Cricut, Inc. (NASDAQ:CRCT) Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC acquired a new position in shares of Cricut, Inc. (NASDAQ:CRCT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 114,203 shares of the company's stock, valued at approximately $651,000. O Shaughnessy Asset Management LLC owned 0.05% of Cricut as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Cricut by 175.0% in the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company's stock valued at $2,716,000 after buying an additional 303,236 shares during the last quarter. American Century Companies Inc. increased its position in shares of Cricut by 25.8% in the 4th quarter. American Century Companies Inc. now owns 1,190,019 shares of the company's stock valued at $6,783,000 after purchasing an additional 244,058 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Cricut in the fourth quarter valued at $1,029,000. JPMorgan Chase & Co. raised its position in shares of Cricut by 296.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company's stock worth $1,283,000 after acquiring an additional 138,385 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Cricut by 366.6% during the 3rd quarter. Barclays PLC now owns 76,440 shares of the company's stock worth $529,000 after buying an additional 60,058 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.94, for a total value of $356,400.00. Following the sale, the chief executive officer now directly owns 3,451,635 shares in the company, valued at $20,502,711.90. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 270,009 shares of company stock valued at $1,519,869 in the last quarter. Insiders own 18.02% of the company's stock.

Cricut Stock Performance

Shares of CRCT traded down $0.02 during trading hours on Tuesday, hitting $4.79. The stock had a trading volume of 133,952 shares, compared to its average volume of 497,100. The firm has a market cap of $1.02 billion, a P/E ratio of 17.09 and a beta of -0.02. Cricut, Inc. has a 12-month low of $4.53 and a 12-month high of $8.40. The company's fifty day simple moving average is $5.38 and its 200 day simple moving average is $5.73.

Cricut (NASDAQ:CRCT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Cricut had a return on equity of 12.36% and a net margin of 8.47%. The firm had revenue of $209.31 million during the quarter, compared to analysts' expectations of $214.41 million. As a group, sell-side analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRCT. Citigroup reiterated a "sell" rating and set a $4.00 price target (down from $6.00) on shares of Cricut in a research report on Monday. Morgan Stanley lowered their target price on shares of Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a research note on Thursday, March 6th.

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.