Ryan Harmer Sells 3,580 Shares of Cricut (NASDAQ:CRCT) Stock

Key Points

• Insider Ryan Harmer sold 3,580 shares of Cricut stock at an average price of $6.00 on August 22, resulting in a total sale value of $21,480.00.
• Cricut's stock has seen a 2.2% decrease recently, trading at $5.89, with a 12-month high and low of $7.33 and $3.94, respectively.
• Wall Street analysts have upgraded Cricut from a "hold" rating to a "buy" rating, although the consensus rating remains as "sell" with an average price target of $4.52.

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) insider Ryan Harmer sold 3,580 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $6.00, for a total value of $21,480.00. Following the sale, the insider owned 309,844 shares of the company's stock, valued at approximately $1,859,064. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ryan Harmer also recently made the following trade(s):

• On Friday, August 15th, Ryan Harmer sold 18,771 shares of Cricut stock. The shares were sold at an average price of $5.70, for a total value of $106,994.70.
• On Friday, August 8th, Ryan Harmer sold 12,819 shares of Cricut stock. The shares were sold at an average price of $5.68, for a total value of $72,811.92.

Cricut Trading Down 2.2%

NASDAQ:CRCT traded down $0.13 during mid-day trading on Monday, hitting $5.89. 592,457 shares of the company's stock traded hands, compared to its average volume of 785,260. The firm has a 50 day moving average of $5.83 and a two-hundred day moving average of $5.63. Cricut, Inc. has a 12 month low of $3.94 and a 12 month high of $7.33. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 17.85 and a beta of 0.15.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Cricut had a return on equity of 16.49% and a net margin of 10.09%.The company had revenue of $172.11 million during the quarter, compared to the consensus estimate of $158.59 million. As a group, equities research analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Cricut from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Cricut has a consensus rating of "Sell" and an average price target of $4.52.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Cricut by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,544,659 shares of the company's stock valued at $10,457,000 after buying an additional 159,339 shares during the last quarter. Geode Capital Management LLC boosted its position in Cricut by 7.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,395,525 shares of the company's stock valued at $9,449,000 after buying an additional 91,339 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Cricut by 20.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 911,221 shares of the company's stock valued at $6,169,000 after buying an additional 157,448 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Cricut by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 485,840 shares of the company's stock valued at $2,502,000 after buying an additional 9,300 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Cricut by 10.9% in the 4th quarter. Northern Trust Corp now owns 451,772 shares of the company's stock valued at $2,575,000 after buying an additional 44,260 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.

About Cricut

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.

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