Burns Matteson Capital Management LLC Acquires Shares of 10,148 Cricut, Inc. (NASDAQ:CRCT)

Burns Matteson Capital Management LLC bought a new position in shares of Cricut, Inc. (NASDAQ:CRCT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,148 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds have also modified their holdings of CRCT. Arizona State Retirement System grew its stake in Cricut by 20.8% in the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after acquiring an additional 2,103 shares during the period. CWM LLC increased its stake in shares of Cricut by 23.9% during the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after purchasing an additional 2,322 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Cricut by 9.8% during the 2nd quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock worth $203,000 after purchasing an additional 3,034 shares during the last quarter. Rhumbline Advisers raised its position in shares of Cricut by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after purchasing an additional 3,397 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Cricut by 6.8% in the 1st quarter. Swiss National Bank now owns 72,500 shares of the company’s stock valued at $345,000 after buying an additional 4,600 shares in the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

Cricut Trading Up 0.9 %

NASDAQ:CRCT opened at $6.41 on Friday. The stock has a 50 day moving average of $6.12 and a two-hundred day moving average of $6.00. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $8.81. The firm has a market cap of $1.39 billion, a P/E ratio of 20.68 and a beta of 0.12.

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

Insider Activity

In related news, CEO Arora Ashish sold 77,823 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $6.37, for a total transaction of $495,732.51. Following the transaction, the chief executive officer now directly owns 2,690,544 shares in the company, valued at approximately $17,138,765.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cricut news, CEO Arora Ashish sold 77,823 shares of the business’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 transaction, the chief executive officer now 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 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 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 sale, the executive vice president now owns 655,833 shares of the company’s stock, valued at approximately $3,764,481.42. 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 worth $1,599,515 over the last three months. Insiders own 18.02% of the company’s stock.

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.