Cricut, Inc. (NASDAQ:CRCT) Holdings Cut by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 71.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,445 shares of the company’s stock after selling 122,345 shares during the quarter. Jane Street Group LLC’s holdings in Cricut were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tenzing Global Management LLC boosted its position in Cricut by 4.9% during the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after purchasing an additional 100,000 shares during the period. State Street Corp increased its holdings in shares of Cricut by 3.2% in the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock worth $7,062,000 after acquiring an additional 31,584 shares during the period. PDT Partners LLC lifted its position in Cricut by 6.7% in the 3rd quarter. PDT Partners LLC now owns 127,137 shares of the company’s stock valued at $881,000 after purchasing an additional 8,022 shares during the last quarter. Walleye Capital LLC acquired a new position in Cricut during the 3rd quarter valued at about $229,000. Finally, Martingale Asset Management L P grew its position in Cricut by 258.6% in 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 last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cricut

In other Cricut news, EVP Donald B. Olsen sold 30,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.23, for a total value of $156,900.00. Following the transaction, the executive vice president now owns 625,833 shares of the company’s stock, valued at approximately $3,273,106.59. This represents a 4.57 % 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, CEO Arora Ashish sold 60,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 3,897,038 shares of the company’s stock, valued at approximately $22,875,613.06. This represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,049 shares of company stock valued at $1,445,205 over the last 90 days. 18.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Cricut Stock Down 3.8 %

Shares of NASDAQ CRCT opened at $5.62 on Friday. The stock has a market cap of $1.21 billion, a P/E ratio of 20.07 and a beta of -0.01. The firm’s 50-day simple moving average is $5.70 and its 200 day simple moving average is $5.98. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. During the same period in the prior year, the company posted $0.08 earnings per share. On average, sell-side analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s dividend payout ratio (DPR) is 71.43%.

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.