Cricut, Inc. (NASDAQ:CRCT) Stock Position Reduced by EntryPoint Capital LLC

EntryPoint Capital LLC lessened its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 19.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,350 shares of the company’s stock after selling 4,457 shares during the period. EntryPoint Capital LLC’s holdings in Cricut were worth $87,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CRCT. Swiss National Bank lifted its holdings in shares of Cricut by 6.8% in the 1st quarter. Swiss National Bank now owns 72,500 shares of the company’s stock worth $345,000 after purchasing an additional 4,600 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Cricut during the 1st quarter valued at $78,000. Simplicity Wealth LLC bought a new stake in Cricut during the 1st quarter valued at $78,000. Oxford Asset Management LLP bought a new stake in Cricut during the 4th quarter valued at $181,000. Finally, Quantbot Technologies LP raised its stake in Cricut by 130.9% during the 1st quarter. Quantbot Technologies LP now owns 52,724 shares of the company’s stock valued at $251,000 after acquiring an additional 29,891 shares in the last quarter. Institutional investors own 19.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Arora Ashish sold 24,134 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $6.97, for a total value of $168,213.98. Following the completion of the sale, the chief executive officer now owns 1,585,334 shares of the company’s stock, valued at $11,049,777.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Arora Ashish sold 24,134 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $6.97, for a total value of $168,213.98. Following the completion of the sale, the chief executive officer now owns 1,585,334 shares of the company’s stock, valued at $11,049,777.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Donald B. Olsen sold 11,045 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $7.48, for a total value of $82,616.60. Following the completion of the sale, the executive vice president now directly owns 562,873 shares of the company’s stock, valued at approximately $4,210,290.04. The disclosure for this sale can be found here. Insiders have sold 298,847 shares of company stock worth $2,130,703 in the last three months. 18.02% of the stock is currently owned by insiders.

Cricut Stock Up 3.9 %

Cricut stock traded up $0.24 during mid-day trading on Friday, hitting $6.32. 225,685 shares of the company’s stock traded hands, compared to its average volume of 832,274. The firm has a 50 day moving average price of $6.17 and a 200 day moving average price of $5.67. The company has a market cap of $1.37 billion, a PE ratio of 20.97 and a beta of 0.10. Cricut, Inc. has a one year low of $4.43 and a one year high of $12.24.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Cricut had a return on equity of 12.25% and a net margin of 8.54%. The company had revenue of $167.39 million for the quarter, compared to analysts’ expectations of $174.20 million. On average, analysts expect that Cricut, Inc. will post 0.24 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Friday, July 19th. Investors of record on Tuesday, July 2nd were issued a $0.50 dividend. This represents a dividend yield of 1.3%. The ex-dividend date was Tuesday, July 2nd. Cricut’s payout ratio is 68.97%.

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.