Nebula Research & Development LLC Has $134,000 Stock Holdings in Cricut, Inc. (NASDAQ:CRCT)

Nebula Research & Development LLC reduced its stake in Cricut, Inc. (NASDAQ:CRCT) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,582 shares of the company’s stock after selling 4,100 shares during the quarter. Nebula Research & Development LLC’s holdings in Cricut were worth $134,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Cricut by 175.0% in the 4th quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock worth $2,716,000 after purchasing an additional 303,236 shares during the period. American Century Companies Inc. raised its stake in Cricut by 25.8% during the fourth quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock worth $6,783,000 after buying an additional 244,058 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Cricut in the fourth quarter valued at $1,029,000. JPMorgan Chase & Co. boosted its position in Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after acquiring an additional 138,385 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Cricut during the 4th quarter worth about $651,000. 19.60% of the stock is currently owned by institutional investors.

Cricut Price Performance

Shares of CRCT opened at $5.05 on Friday. Cricut, Inc. has a one year low of $3.94 and a one year high of $8.40. The company has a market cap of $1.07 billion, a PE ratio of 18.04 and a beta of -0.02. The stock has a 50-day moving average of $5.04 and a 200-day moving average of $5.55.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cricut had a return on equity of 12.36% and a net margin of 8.47%. The firm had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $214.41 million. Analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup reissued a “sell” rating and issued a $4.00 price objective (down from $6.00) on shares of Cricut in a research note on Monday, April 14th. Morgan Stanley cut their price target on Cricut from $3.90 to $3.80 and set an “underweight” rating on the stock in a report on Thursday, March 6th.

Insider Buying and Selling at Cricut

In other news, CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $5.66, for a total transaction of $120,275.00. Following the completion of the sale, the chief executive officer now directly owns 3,630,377 shares of the company’s stock, valued at $20,547,933.82. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 227,509 shares of company stock worth $1,273,156. 18.02% of the stock is owned by corporate insiders.

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.