Bleakley Financial Group LLC Purchases 10,348 Shares of Cricut, Inc. (NASDAQ:CRCT)

Bleakley Financial Group LLC increased its stake in Cricut, Inc. (NASDAQ:CRCT) by 32.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,328 shares of the company’s stock after acquiring an additional 10,348 shares during the period. Bleakley Financial Group LLC’s holdings in Cricut were worth $293,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after purchasing an additional 135,539 shares during the last quarter. Lazard Asset Management LLC grew its holdings 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. Algert Global LLC acquired a new stake in Cricut during the 2nd quarter worth $558,000. Nisa Investment Advisors LLC grew its holdings in Cricut by 252,185.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after acquiring an additional 17,653 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Cricut during the 1st quarter worth $758,000. Institutional investors own 19.60% of the company’s stock.

Cricut Stock Performance

CRCT opened at $6.50 on Thursday. The company has a fifty day moving average price of $6.21 and a two-hundred day moving average price of $6.10. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.79. The firm has a market capitalization of $1.41 billion, a PE ratio of 22.41 and a beta of 0.12.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) 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 company had revenue of $167.95 million during the quarter, compared to analyst estimates of $175.68 million. During the same quarter in the previous year, the business earned $0.07 EPS. Equities analysts forecast that Cricut, Inc. will post 0.29 EPS for the current year.

Insider Activity

In other news, CEO Arora Ashish sold 77,823 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $6.37, for a total value of $495,732.51. Following the completion of the transaction, the chief executive officer now owns 2,690,544 shares of the company’s stock, valued at $17,138,765.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Donald B. Olsen sold 40,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.74, for a total value of $229,600.00. Following the completion of the transaction, the executive vice president now directly owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arora Ashish sold 77,823 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $6.37, for a total transaction of $495,732.51. Following the completion of the transaction, the chief executive officer now directly owns 2,690,544 shares of the company’s stock, valued at approximately $17,138,765.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 267,112 shares of company stock valued at $1,599,515 in the last quarter. Company insiders own 18.02% of the company’s stock.

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.