11,098 Shares in Cricut, Inc. (NASDAQ:CRCT) Bought by Copeland Capital Management LLC

Copeland Capital Management LLC acquired a new stake in Cricut, Inc. (NASDAQ:CRCT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,098 shares of the company’s stock, valued at approximately $63,000.

Several other large investors have also recently made changes to their positions in CRCT. Exchange Traded Concepts LLC boosted its holdings in shares of Cricut by 4.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company’s stock worth $280,000 after buying an additional 2,272 shares during the last quarter. CWM LLC boosted its stake in Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after acquiring an additional 2,322 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Cricut by 26.3% during the 4th quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $123,000 after acquiring an additional 4,484 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cricut by 6.9% during the 3rd 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 purchasing an additional 5,613 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Cricut in the 4th quarter worth approximately $36,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cricut

In other Cricut news, CEO Arora Ashish sold 60,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.87, for a total value of $352,200.00. Following the sale, the chief executive officer now directly owns 3,897,038 shares in the company, valued at $22,875,613.06. This represents a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donald B. Olsen sold 30,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $5.23, for a total transaction of $156,900.00. Following the transaction, the executive vice president now owns 625,833 shares of the company’s stock, valued at $3,273,106.59. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,549 shares of company stock worth $1,691,917. 18.02% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, The Goldman Sachs Group decreased their target price on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.

Cricut Stock Down 2.0 %

CRCT opened at $5.37 on Monday. The firm has a 50-day moving average price of $5.72 and a 200-day moving average price of $5.97. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 19.18 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $167.89 million during the quarter, compared to analysts’ expectations of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, sell-side 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.