Susquehanna Fundamental Investments LLC Trims Holdings in Cricut, Inc. (NASDAQ:CRCT)

Susquehanna Fundamental Investments LLC reduced its holdings in shares of Cricut, Inc. (NASDAQ:CRCT) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 156,877 shares of the company’s stock after selling 2,350 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Cricut were worth $940,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CRCT. American Century Companies Inc. boosted its stake in shares of Cricut by 42.7% during the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after buying an additional 135,539 shares during the period. Lazard Asset Management LLC lifted its position in Cricut by 9,096.7% during the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after acquiring an additional 13,645 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Cricut by 252,185.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after purchasing an additional 17,653 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Cricut in the first quarter valued at approximately $78,000. Finally, Quantbot Technologies LP raised its stake in shares of Cricut by 130.9% during the first quarter. Quantbot Technologies LP now owns 52,724 shares of the company’s stock worth $251,000 after purchasing an additional 29,891 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Cricut Price Performance

Shares of NASDAQ CRCT opened at $6.48 on Thursday. The stock has a fifty day moving average price of $6.10 and a 200 day moving average price of $5.93. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $9.49. The company has a market cap of $1.40 billion, a PE ratio of 22.34 and a beta of 0.10.

Cricut (NASDAQ:CRCT) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. Cricut had a net margin of 9.16% and a return on equity of 13.18%. The business had revenue of $167.95 million for the quarter, compared to the consensus estimate of $175.68 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Analysts anticipate that Cricut, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Cricut

In other news, CEO Arora Ashish sold 38,495 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $5.94, for a total value of $228,660.30. Following the completion of the sale, the chief executive officer now directly owns 2,505,840 shares of the company’s stock, valued at approximately $14,884,689.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Arora Ashish sold 38,495 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $5.94, for a total transaction of $228,660.30. Following the transaction, the chief executive officer now directly owns 2,505,840 shares of the company’s stock, valued at approximately $14,884,689.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Donald B. Olsen sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $5.74, for a total transaction of $229,600.00. Following the completion of the sale, the executive vice president now owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 267,112 shares of company stock valued at $1,599,515. 18.02% of the stock is owned by corporate insiders.

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.