Cricut, Inc. (NASDAQ:CRCT) Director Len Blackwell Sells 1,960 Shares

Cricut, Inc. (NASDAQ:CRCT) Director Len Blackwell sold 1,960 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $6.40, for a total value of $12,544.00. Following the completion of the sale, the director now owns 1,506,087 shares of the company’s stock, valued at approximately $9,638,956.80. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cricut Stock Performance

CRCT opened at $6.05 on Friday. The stock’s 50 day moving average price is $5.95 and its 200-day moving average price is $6.06. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. 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 (NASDAQ:CRCT) last announced its quarterly earnings data 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 net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same period last year, the company earned $0.08 EPS. As a group, analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

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 paid a $0.50 dividend. This represents a yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s dividend payout ratio is presently 71.43%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their target price 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.

Institutional Investors Weigh In On Cricut

Large investors have recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC purchased a new position in shares of Cricut during the third quarter worth approximately $70,000. CWM LLC grew its stake in Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after purchasing an additional 2,322 shares in the last quarter. Arizona State Retirement System increased its holdings in Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after purchasing an additional 2,103 shares during the period. Quantbot Technologies LP bought a new stake in Cricut during the 3rd quarter valued at $93,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Cricut in the 3rd quarter worth $118,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

About Cricut

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.