Cricut, Inc. (NASDAQ:CRCT) EVP Sells $156,900.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) EVP Donald B. Olsen sold 30,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $5.23, for a total transaction of $156,900.00. Following the completion of the sale, the executive vice president now owns 625,833 shares of the company’s stock, valued at approximately $3,273,106.59. This represents a 4.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Cricut Price Performance

CRCT opened at $5.16 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of 18.43 and a beta of 0.13. The business’s 50-day moving average is $6.19 and its two-hundred day moving average is $6.15. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The firm had revenue of $167.89 million for the quarter, compared to the consensus estimate of $165.35 million. During the same quarter last year, the firm earned $0.08 EPS. As a group, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a yield of 3.4%. Cricut’s dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Cricut

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC grew its stake in shares of Cricut by 150.8% during the second quarter. CWM LLC now owns 9,704 shares of the company’s stock worth $58,000 after acquiring an additional 5,835 shares during the last quarter. Lazard Asset Management LLC lifted its position in Cricut by 9,096.7% during the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after acquiring an additional 13,645 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in Cricut during the 3rd quarter worth about $70,000. Arizona State Retirement System grew its stake in Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Cricut in the third quarter worth about $93,000. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut their price objective on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

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.