Insider Buying: Cricut (NASDAQ:CRCT) Director Purchases 9,691 Shares of Stock

Cricut, Inc. (NASDAQ:CRCTGet Free Report) Director Jason Makler purchased 9,691 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $4.34 per share, for a total transaction of $42,058.94. Following the purchase, the director owned 29,690 shares of the company’s stock, valued at approximately $128,854.60. This represents a 48.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jason Makler also recently made the following trade(s):

  • On Wednesday, May 13th, Jason Makler purchased 310 shares of Cricut stock. The stock was acquired at an average price of $4.15 per share, for a total transaction of $1,286.50.

Cricut Stock Performance

Shares of NASDAQ:CRCT traded down $0.32 during trading on Wednesday, hitting $3.94. The company’s stock had a trading volume of 583,410 shares, compared to its average volume of 556,478. Cricut, Inc. has a fifty-two week low of $3.73 and a fifty-two week high of $7.33. The stock’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $4.58. The company has a market capitalization of $834.41 million, a PE ratio of 11.26 and a beta of 0.22.

Cricut (NASDAQ:CRCTGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Cricut had a return on equity of 21.37% and a net margin of 10.36%.The business had revenue of $159.47 million for the quarter, compared to analysts’ expectations of $164.33 million. On average, equities analysts predict that Cricut, Inc. will post 0.14 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, July 7th. This represents a dividend yield of 474.0%. Cricut’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRCT shares. Barclays reiterated an “underweight” rating and issued a $4.00 price target on shares of Cricut in a research note on Wednesday, March 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $3.75 price objective on shares of Cricut in a report on Wednesday, May 6th. UBS Group reissued a “cautious” rating on shares of Cricut in a report on Wednesday, March 4th. Finally, Weiss Ratings lowered Cricut from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Four investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, Cricut presently has an average rating of “Strong Sell” and an average price target of $3.88.

Read Our Latest Research Report on Cricut

Institutional Trading of Cricut

Several hedge funds and other institutional investors have recently bought and sold shares of CRCT. Jane Street Group LLC increased its holdings in Cricut by 43.7% in the first quarter. Jane Street Group LLC now owns 20,176 shares of the company’s stock valued at $104,000 after buying an additional 6,140 shares during the last quarter. Legal & General Group Plc increased its holdings in Cricut by 15.8% in the second quarter. Legal & General Group Plc now owns 59,246 shares of the company’s stock valued at $401,000 after buying an additional 8,095 shares during the last quarter. Franklin Resources Inc. bought a new stake in Cricut in the second quarter valued at about $232,000. Russell Investments Group Ltd. increased its holdings in Cricut by 288.7% in the second quarter. Russell Investments Group Ltd. now owns 21,017 shares of the company’s stock valued at $142,000 after buying an additional 15,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Cricut by 20.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 911,221 shares of the company’s stock valued at $6,169,000 after purchasing an additional 157,448 shares during the last quarter. 19.60% of the stock is owned by institutional investors.

About Cricut

(Get Free Report)

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.

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Insider Buying and Selling by Quarter for Cricut (NASDAQ:CRCT)

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