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

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.