Deutsche Bank AG Has $251,000 Holdings in Cricut, Inc. $CRCT

Deutsche Bank AG cut its holdings in shares of Cricut, Inc. (NASDAQ:CRCT) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,709 shares of the company’s stock after selling 5,318 shares during the quarter. Deutsche Bank AG’s holdings in Cricut were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRCT. Hussman Strategic Advisors Inc. bought a new position in Cricut in the first quarter worth $541,000. BNP Paribas Financial Markets bought a new position in Cricut in the fourth quarter worth $589,000. Susquehanna Fundamental Investments LLC bought a new position in Cricut in the fourth quarter worth $555,000. Jacobs Levy Equity Management Inc. bought a new position in Cricut in the fourth quarter worth $436,000. Finally, D. E. Shaw & Co. Inc. lifted its position in Cricut by 23.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 396,118 shares of the company’s stock worth $2,258,000 after purchasing an additional 75,663 shares during the period. 19.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Cricut

In other news, CEO Arora Ashish sold 60,000 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $6.25, for a total value of $375,000.00. Following the completion of the sale, the chief executive officer directly owned 2,871,931 shares in the company, valued at approximately $17,949,568.75. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matt Tuttle sold 40,491 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $5.69, for a total value of $230,393.79. Following the completion of the sale, the general counsel owned 329,164 shares of the company’s stock, valued at approximately $1,872,943.16. This trade represents a 10.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 556,650 shares of company stock valued at $3,381,343 over the last quarter. Corporate insiders own 18.61% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Cricut from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Sell” and an average price target of $4.52.

Cricut Price Performance

Cricut stock opened at $5.70 on Friday. The stock has a fifty day moving average price of $5.76 and a two-hundred day moving average price of $5.63. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.33. The firm has a market capitalization of $1.21 billion, a P/E ratio of 17.27 and a beta of 0.15.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Cricut had a return on equity of 16.49% and a net margin of 10.09%.The firm had revenue of $172.11 million during the quarter, compared to analyst estimates of $158.59 million. On average, equities research analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

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.