EntryPoint Capital LLC Has $166,000 Stock Holdings in Cricut, Inc. (NASDAQ:CRCT)

EntryPoint Capital LLC reduced its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,091 shares of the company’s stock after selling 2,585 shares during the period. EntryPoint Capital LLC’s holdings in Cricut were worth $166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRCT. Quantbot Technologies LP acquired a new position in shares of Cricut during the 3rd quarter worth $93,000. FMR LLC grew its position in Cricut by 779.4% in the third quarter. FMR LLC now owns 19,840 shares of the company’s stock valued at $137,000 after acquiring an additional 17,584 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cricut by 6.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock worth $607,000 after acquiring an additional 5,613 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of Cricut by 258.6% in the third quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after acquiring an additional 90,757 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Cricut in the 3rd quarter valued at approximately $229,000. 19.60% of the stock is currently owned by institutional investors.

Cricut Stock Down 1.1 %

NASDAQ CRCT opened at $5.16 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 18.43 and a beta of -0.02. Cricut, Inc. has a twelve month low of $4.66 and a twelve month high of $8.40. The business’s fifty day moving average is $5.56 and its 200 day moving average is $5.86.

Cricut (NASDAQ:CRCT) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $209.31 million for the quarter, compared to analysts’ expectations of $214.41 million. On average, research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Arora Ashish sold 5,283 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $5.25, for a total value of $27,735.75. Following the transaction, the chief executive officer now owns 4,059,329 shares in the company, valued at approximately $21,311,477.25. The trade was a 0.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 312,509 shares of company stock valued at $1,765,519 in the last ninety days. 18.02% of the stock is currently owned by insiders.

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.