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

Cricut, Inc. (NASDAQ:CRCT) Director Len Blackwell sold 1,960 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.40, for a total value of $12,544.00. Following the sale, the director now owns 1,506,087 shares in the company, valued at approximately $9,638,956.80. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Cricut Price Performance

Shares of Cricut stock opened at $5.93 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 21.18 and a beta of 0.03. The firm has a fifty day moving average price of $5.94 and a 200 day moving average price of $6.06. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $167.89 million for 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 previous year, the business posted $0.08 EPS. As a group, equities analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Announces Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a $0.50 dividend. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s payout ratio is presently 71.43%.

Institutional Investors Weigh In On Cricut

Several hedge funds have recently bought and sold shares of the stock. Burns Matteson Capital Management LLC purchased a new position in shares of Cricut during the 3rd quarter valued at approximately $70,000. Arizona State Retirement System grew its position in Cricut by 20.8% during 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 period. CWM LLC grew its position in Cricut by 23.9% during 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 during the period. Quantbot Technologies LP purchased a new position in Cricut in the third quarter valued at $93,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Cricut by 252,185.7% in the second quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after acquiring an additional 17,653 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

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