Caisse Des Depots ET Consignations Takes $72,000 Position in Cricut, Inc. (NASDAQ:CRCT)

Caisse Des Depots ET Consignations purchased a new position in Cricut, Inc. (NASDAQ:CRCT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,688 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRCT. Tenzing Global Management LLC increased its holdings in shares of Cricut by 4.9% during the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after buying an additional 100,000 shares in the last quarter. American Century Companies Inc. raised its position in Cricut by 25.8% in the 4th quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock valued at $6,783,000 after purchasing an additional 244,058 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cricut by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock worth $7,495,000 after purchasing an additional 9,940 shares during the last quarter. State Street Corp increased its stake in shares of Cricut by 3.2% in the third quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after buying an additional 31,584 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cricut by 175.0% in the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock valued at $2,716,000 after buying an additional 303,236 shares during the last quarter. Institutional investors own 19.60% of the company’s stock.

Insider Buying and Selling at Cricut

In related news, CEO Arora Ashish sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.94, for a total transaction of $356,400.00. Following the completion of the sale, the chief executive officer now directly owns 3,451,635 shares of the company’s stock, valued at $20,502,711.90. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 312,509 shares of company stock worth $1,765,519. Company insiders own 18.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price objective on shares of Cricut from $3.90 to $3.80 and set an “underweight” rating on the stock in a report on Thursday, March 6th.

Cricut Price Performance

CRCT stock opened at $5.16 on Friday. The stock has a market capitalization of $1.10 billion, a PE ratio of 18.43 and a beta of -0.02. The company has a 50 day moving average price of $5.56 and a 200 day moving average price of $5.86. Cricut, Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $8.40.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $209.31 million for the quarter, compared to analyst estimates of $214.41 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. As a group, equities analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

About Cricut

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.