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

Cricut, Inc. (NASDAQ:CRCT) Director Len Blackwell sold 1,960 shares of the 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 completion of the sale, the director now owns 1,506,087 shares of the company’s stock, valued at approximately $9,638,956.80. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Cricut Stock Performance

Shares of NASDAQ:CRCT traded down $0.07 during midday trading on Thursday, reaching $6.05. 253,966 shares of the company’s stock were exchanged, compared to its average volume of 663,679. The company’s 50 day simple moving average is $5.96 and its two-hundred day simple moving average is $6.06. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $8.40. The firm has a market capitalization of $1.30 billion, a PE ratio of 21.61 and a beta of 0.03.

Cricut (NASDAQ:CRCT) last announced its quarterly 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). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The business had revenue of $167.89 million for the quarter, compared to the consensus estimate of $165.35 million. During the same quarter in the prior year, the business earned $0.08 EPS. On average, research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current 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 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 71.43%.

Institutional Trading of Cricut

A number of large investors have recently bought and sold shares of the stock. Burns Matteson Capital Management LLC acquired a new stake in shares of Cricut in the 3rd quarter valued at $70,000. Arizona State Retirement System lifted 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 valued at $73,000 after purchasing an additional 2,103 shares during the last quarter. CWM LLC boosted its position in Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after buying an additional 2,322 shares in the last quarter. Quantbot Technologies LP bought a new stake in Cricut during the third quarter worth about $93,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Cricut by 252,185.7% during the second quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after buying an additional 17,653 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a report 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.