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 company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.40, for a total transaction of $12,544.00. Following the transaction, the director now owns 1,506,087 shares in the company, valued at approximately $9,638,956.80. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cricut Stock Down 1.1 %

Shares of NASDAQ:CRCT opened at $6.05 on Friday. The business has a 50-day moving average price of $5.95 and a 200-day moving average price of $6.06. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.61 and a beta of 0.03. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40.

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). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The business had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. During the same quarter in the previous year, the company earned $0.08 EPS. As a group, equities analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Cricut

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in Cricut by 42.7% during the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after buying an additional 135,539 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Cricut during the 2nd quarter worth about $558,000. Nisa Investment Advisors LLC boosted its stake in shares of Cricut by 252,185.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after acquiring an additional 17,653 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Cricut by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock valued at $2,313,000 after acquiring an additional 17,958 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Cricut by 7.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 268,926 shares of the company’s stock valued at $1,611,000 after purchasing an additional 17,898 shares in the last quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.