Insider Selling: Cricut, Inc. (NASDAQ:CRCT) Director Sells 1,960 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) Director Len Blackwell sold 1,960 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.40, for a total transaction of $12,544.00. Following the sale, the director now owns 1,506,087 shares in the company, valued at $9,638,956.80. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cricut Stock Performance

Cricut stock opened at $5.93 on Friday. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The stock has a market capitalization of $1.27 billion, a P/E ratio of 21.18 and a beta of 0.03. The stock has a fifty day moving average of $5.94 and a 200-day moving average of $6.06.

Cricut (NASDAQ:CRCT) last issued its earnings results 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 business had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. During the same period in the previous year, the firm posted $0.08 EPS. On average, research analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a $0.50 dividend. This represents a yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Institutional Trading of Cricut

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Burns Matteson Capital Management LLC acquired a new stake in shares of Cricut during the 3rd quarter valued at $70,000. CWM LLC increased its stake in shares of 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 buying an additional 2,322 shares during the period. Arizona State Retirement System raised its holdings 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 buying an additional 2,103 shares during the last quarter. Quantbot Technologies LP bought a new position in Cricut in the 3rd quarter valued at approximately $93,000. Finally, SG Americas Securities LLC acquired a new stake in Cricut during the 3rd quarter worth approximately $118,000. Institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their price target on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company 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.