Cricut, Inc. (NASDAQ:CRCT) EVP Donald B. Olsen Sells 25,000 Shares

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) EVP Donald B. Olsen sold 25,000 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $7.05, for a total transaction of $176,250.00. Following the sale, the executive vice president now directly owns 573,918 shares in the company, valued at approximately $4,046,121.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cricut Stock Performance

CRCT stock traded up $0.12 during trading on Monday, reaching $7.17. 714,297 shares of the company were exchanged, compared to its average volume of 938,602. The company has a market cap of $1.55 billion, a P/E ratio of 24.21 and a beta of 0.03. The stock's 50 day moving average price is $5.22 and its 200 day moving average price is $6.02. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $17.89.

Cricut (NASDAQ:CRCT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Cricut had a net margin of 8.54% and a return on equity of 12.25%. The firm had revenue of $231.25 million during the quarter, compared to analyst estimates of $252.67 million. During the same period in the prior year, the firm earned $0.05 EPS. The business's quarterly revenue was down 17.6% on a year-over-year basis. As a group, equities research analysts forecast that Cricut, Inc. will post 0.24 EPS for the current year.

Cricut Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, July 19th. Stockholders of record on Tuesday, July 2nd will be paid a $0.50 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 2nd.

Hedge Funds Weigh In On Cricut

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Cricut by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 3,658,790 shares of the company's stock valued at $17,416,000 after buying an additional 360,080 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Cricut by 584.2% in the first quarter. GSA Capital Partners LLP now owns 423,849 shares of the company's stock valued at $2,018,000 after acquiring an additional 361,904 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Cricut by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 189,053 shares of the company's stock valued at $1,756,000 after acquiring an additional 3,900 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Cricut during the first quarter valued at approximately $758,000. Finally, Strs Ohio lifted its stake in Cricut by 139.1% during the fourth quarter. Strs Ohio now owns 77,000 shares of the company's stock valued at $507,000 after purchasing an additional 44,800 shares during the last quarter. Hedge funds and other institutional investors own 19.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRCT shares. Barclays decreased their price objective on Cricut from $6.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, March 7th. The Goldman Sachs Group reduced their price target on shares of Cricut from $7.00 to $5.75 and set a "neutral" rating on the stock in a research note on Wednesday, March 6th. Finally, Citigroup lowered their price objective on shares of Cricut from $8.50 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, March 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.