Cricut, Inc. (NASDAQ:CRCT) Holdings Boosted by State of Wyoming

State of Wyoming raised its holdings in Cricut, Inc. (NASDAQ:CRCT - Free Report) by 138.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 87,097 shares of the company's stock after acquiring an additional 50,514 shares during the period. State of Wyoming's holdings in Cricut were worth $496,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cricut by 6.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,095 shares of the company's stock valued at $154,000 after acquiring an additional 1,695 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Cricut by 4.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company's stock worth $280,000 after buying an additional 2,272 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Cricut by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,468 shares of the company's stock worth $186,000 after buying an additional 2,684 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Cricut by 11.0% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 33,846 shares of the company's stock worth $193,000 after buying an additional 3,365 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of Cricut by 4.5% during the 4th quarter. Algert Global LLC now owns 97,323 shares of the company's stock worth $555,000 after buying an additional 4,213 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Cricut Stock Performance

Cricut stock traded down $0.16 during trading on Friday, reaching $5.95. 380,294 shares of the company's stock were exchanged, compared to its average volume of 447,673. The company's 50-day moving average is $5.22 and its two-hundred day moving average is $5.49. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.17. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 21.25 and a beta of 0.01.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $162.63 million during the quarter, compared to the consensus estimate of $158.55 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. Analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 3.3%. Cricut's dividend payout ratio is presently 64.52%.

Insider Activity

In other news, CEO Arora Ashish sold 60,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $5.59, for a total transaction of $335,400.00. Following the transaction, the chief executive officer now owns 3,391,635 shares of the company's stock, valued at approximately $18,959,239.65. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 365,009 shares of company stock worth $2,156,294 over the last ninety days. Corporate insiders own 18.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRCT. Citigroup restated a "sell" rating and set a $4.00 price objective (down from $6.00) on shares of Cricut in a report on Monday, April 14th. Morgan Stanley decreased their price target on shares of Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a research report on Thursday, March 6th.

Cricut 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.