Cricut, Inc. (NASDAQ:CRCT) Short Interest Update

Cricut, Inc. (NASDAQ:CRCT) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,850,000 shares, an increase of 6.4% from the September 15th total of 3,620,000 shares. Approximately 8.6% of the company’s shares are sold short. Based on an average trading volume of 499,700 shares, the days-to-cover ratio is presently 7.7 days.

Cricut Trading Down 3.2 %

CRCT stock opened at $6.71 on Friday. The company’s 50 day moving average is $6.17 and its two-hundred day moving average is $6.04. Cricut has a twelve month low of $4.43 and a twelve month high of $8.79. The stock has a market cap of $1.45 billion, a P/E ratio of 23.14 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 for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The firm had revenue of $167.95 million during the quarter, compared to analysts’ expectations of $175.68 million. Cricut had a net margin of 9.16% and a return on equity of 13.18%. During the same period in the previous year, the company earned $0.07 earnings per share. On average, equities research analysts predict that Cricut will post 0.29 earnings per share for the current year.

Insider Transactions at Cricut

In other Cricut news, CEO Arora Ashish sold 53,301 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $5.79, for a total transaction of $308,612.79. Following the transaction, the chief executive officer now directly owns 2,637,243 shares in the company, valued at $15,269,636.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Donald B. Olsen sold 40,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $5.74, for a total value of $229,600.00. Following the transaction, the executive vice president now owns 655,833 shares in the company, valued at approximately $3,764,481.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Arora Ashish sold 53,301 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $5.79, for a total value of $308,612.79. Following the sale, the chief executive officer now owns 2,637,243 shares of the company’s stock, valued at approximately $15,269,636.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 267,112 shares of company stock worth $1,599,515. 18.02% of the stock is currently owned by insiders.

Institutional Trading of Cricut

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRCT. American Century Companies Inc. increased its holdings in shares of Cricut by 42.7% in the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after purchasing an additional 135,539 shares during the period. Lazard Asset Management LLC increased its stake in Cricut by 9,096.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock valued at $65,000 after buying an additional 13,645 shares during the period. Algert Global LLC purchased a new position in Cricut during the 2nd quarter worth $558,000. Nisa Investment Advisors LLC lifted 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 worth $106,000 after acquiring an additional 17,653 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cricut in the first quarter valued at about $758,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.