Cricut, Inc. (NASDAQ:CRCT) EVP Donald B. Olsen Sells 30,000 Shares

Cricut, Inc. (NASDAQ:CRCT) EVP Donald B. Olsen sold 30,000 shares of Cricut stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $5.23, for a total value of $156,900.00. Following the transaction, the executive vice president now owns 625,833 shares of the company’s stock, valued at $3,273,106.59. The trade was a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cricut Stock Performance

CRCT stock opened at $5.16 on Thursday. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The firm’s fifty day moving average is $6.22 and its 200 day moving average is $6.15. The firm has a market cap of $1.11 billion, a PE ratio of 18.43 and a beta of 0.13.

Cricut (NASDAQ:CRCT) last posted its 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). The business had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter last year, the business earned $0.08 earnings per share. Research analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.50 per share. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Institutional Investors Weigh In On Cricut

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Cricut by 10.9% in the first 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 period. Tenzing Global Management LLC lifted its stake in Cricut by 4.9% in the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after buying an additional 100,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cricut by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock worth $7,495,000 after buying an additional 9,940 shares during the last quarter. State Street Corp increased its stake in Cricut by 3.2% during the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock worth $7,062,000 after buying an additional 31,584 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Cricut by 3.1% during the 2nd quarter. AQR Capital Management LLC now owns 765,474 shares of the company’s stock worth $4,585,000 after buying an additional 23,345 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their target price 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.