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 firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.23, for a total value of $156,900.00. Following the completion of the transaction, the executive vice president now owns 625,833 shares in the company, valued at $3,273,106.59. The trade was a 4.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cricut Stock Performance

Shares of NASDAQ:CRCT traded down $0.07 during midday trading on Tuesday, reaching $5.17. The company’s stock had a trading volume of 512,331 shares, compared to its average volume of 682,476. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40. The firm has a 50 day moving average price of $6.24 and a two-hundred day moving average price of $6.17. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.86 and a beta of 0.13.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period last year, the firm posted $0.08 earnings per share. As a group, research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Announces Dividend

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

Hedge Funds Weigh In On Cricut

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after buying an additional 135,539 shares during the period. Lazard Asset Management LLC boosted its holdings in Cricut by 9,096.7% in the first 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 in the last quarter. Algert Global LLC acquired a new stake in Cricut in the second quarter valued at approximately $558,000. Nisa Investment Advisors LLC increased its holdings in shares of Cricut by 252,185.7% during the second quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after acquiring an additional 17,653 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Cricut by 4.9% during the second quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $2,313,000 after purchasing an additional 17,958 shares during the period. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased their target price 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.