Vanguard Personalized Indexing Management LLC Makes New $80,000 Investment in Cricut, Inc. $CRCT

Vanguard Personalized Indexing Management LLC bought a new position in shares of Cricut, Inc. (NASDAQ:CRCT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,870 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC grew its stake in shares of Cricut by 43.6% in the second quarter. Simplicity Wealth LLC now owns 37,310 shares of the company’s stock worth $253,000 after purchasing an additional 11,333 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Cricut by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 13,632 shares of the company’s stock worth $92,000 after buying an additional 1,917 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Cricut by 191.1% in the second quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock valued at $267,000 after buying an additional 25,900 shares during the period. Strs Ohio bought a new position in shares of Cricut during the first quarter worth about $333,000. Finally, Jane Street Group LLC lifted its stake in shares of Cricut by 43.7% in the first quarter. Jane Street Group LLC now owns 20,176 shares of the company’s stock worth $104,000 after acquiring an additional 6,140 shares during the period. 19.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Cricut

In other Cricut news, CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $5.57, for a total value of $118,362.50. Following the transaction, the chief executive officer directly owned 2,972,811 shares of the company’s stock, valued at approximately $16,558,557.27. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Matt Tuttle sold 40,491 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $5.69, for a total transaction of $230,393.79. Following the sale, the general counsel directly owned 329,164 shares of the company’s stock, valued at approximately $1,872,943.16. The trade was a 10.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 337,826 shares of company stock worth $1,972,877. Corporate insiders own 18.02% of the company’s stock.

Cricut Price Performance

CRCT stock opened at $5.22 on Monday. The stock has a market capitalization of $1.11 billion, a PE ratio of 15.82 and a beta of 0.18. The company’s 50-day moving average is $5.92 and its 200-day moving average is $5.79. Cricut, Inc. has a 1 year low of $3.94 and a 1 year high of $7.33.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, beating 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 the consensus estimate of $158.59 million. On average, analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRCT has been the subject of several analyst reports. Wall Street Zen lowered shares of Cricut from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cricut in a research report on Friday. Finally, The Goldman Sachs Group downgraded shares of Cricut from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $5.50 to $4.75 in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Sell” and an average target price of $4.18.

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.