Cricut, Inc. (NASDAQ:CRCT) EVP Donald B. Olsen Sells 30,000 Shares

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 stock was sold at an average price of $5.23, for a total value of $156,900.00. Following the sale, 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 legal filing with the SEC, which is available at this hyperlink.

Cricut Stock Performance

Shares of CRCT stock opened at $5.17 on Wednesday. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.46 and a beta of 0.13. The stock’s 50-day simple moving average is $6.24 and its 200-day simple moving average is $6.17.

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

Cricut Announces Dividend

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

Institutional Investors Weigh In On Cricut

Large investors have recently bought and sold shares of the company. CWM LLC boosted its position in Cricut by 150.8% in the second quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after buying an additional 5,835 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in Cricut in the third quarter valued at approximately $70,000. Arizona State Retirement System boosted its position in Cricut by 20.8% in the second 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 acquired a new position in Cricut in the third quarter valued at approximately $93,000. Finally, Lazard Asset Management LLC lifted 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 valued at $65,000 after acquiring an additional 13,645 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their price target on Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note 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.