Centiva Capital LP Has $103,000 Stake in Cricut, Inc. (NASDAQ:CRCT)

Centiva Capital LP cut its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 46.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,820 shares of the company’s stock after selling 12,729 shares during the quarter. Centiva Capital LP’s holdings in Cricut were worth $103,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CRCT. CWM LLC raised its stake in shares of Cricut by 150.8% in the second quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after acquiring an additional 5,835 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Cricut in the 3rd quarter valued at about $70,000. Arizona State Retirement System lifted its position in shares of Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after purchasing an additional 2,103 shares in the last quarter. Quantbot Technologies LP bought a new position in Cricut in the 3rd quarter worth approximately $93,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Cricut in the 3rd quarter valued at $118,000. Institutional investors own 19.60% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Donald B. Olsen sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $5.23, for a total transaction of $156,900.00. Following the completion of the transaction, the executive vice president now directly owns 625,833 shares in the company, valued at $3,273,106.59. This represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Arora Ashish sold 21,250 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $6.00, for a total value of $127,500.00. Following the completion of the transaction, the chief executive officer now owns 3,844,590 shares of the company’s stock, valued at $23,067,540. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 166,089 shares of company stock worth $926,698 in the last 90 days. Company insiders own 18.02% of the company’s stock.

Cricut Price Performance

Shares of NASDAQ CRCT opened at $5.97 on Friday. The business has a 50-day moving average of $5.97 and a 200-day moving average of $6.06. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 21.32 and a beta of 0.03. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40.

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

Cricut Announces Dividend

The firm also recently announced a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s payout ratio is presently 71.43%.

Wall Street Analyst Weigh In

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

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.