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 business’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 directly owns 625,833 shares of the company’s stock, valued at $3,273,106.59. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Cricut Price Performance

Shares of CRCT stock opened at $5.17 on Wednesday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 18.46 and a beta of 0.13. The stock has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $6.17. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40.

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

Cricut Announces Dividend

The company 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 dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRCT. Vanguard Group Inc. raised its stake in Cricut by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 3,658,790 shares of the company’s stock valued at $17,416,000 after purchasing an additional 360,080 shares during the last quarter. Lazard Asset Management LLC raised its stake in Cricut by 9,096.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock valued at $65,000 after purchasing an additional 13,645 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Cricut by 40.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,008 shares of the company’s stock valued at $134,000 after purchasing an additional 8,077 shares during the last quarter. CWM LLC raised its stake in Cricut by 150.8% in the 2nd quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after purchasing an additional 5,835 shares during the last quarter. Finally, Simplicity Wealth LLC raised its stake in Cricut by 95.2% in the 2nd quarter. Simplicity Wealth LLC now owns 31,937 shares of the company’s stock valued at $191,000 after purchasing an additional 15,572 shares during the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group decreased their price target on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

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.