Cricut, Inc. (NASDAQ:CRCT – Get Free Report) insider Ryan Harmer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $5.70, for a total value of $57,000.00. Following the completion of the sale, the insider directly owned 314,428 shares of the company’s stock, valued at $1,792,239.60. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Ryan Harmer also recently made the following trade(s):
- On Thursday, May 28th, Ryan Harmer sold 17,267 shares of Cricut stock. The stock was sold at an average price of $4.12, for a total value of $71,140.04.
Cricut Price Performance
Shares of CRCT stock traded down $0.06 during trading hours on Wednesday, hitting $5.81. The stock had a trading volume of 698,997 shares, compared to its average volume of 976,978. The firm has a market capitalization of $1.22 billion, a PE ratio of 13.51 and a beta of 0.19. The stock’s 50 day moving average is $4.91 and its 200 day moving average is $4.49. Cricut, Inc. has a twelve month low of $3.73 and a twelve month high of $6.93.
Analysts Set New Price Targets
CRCT has been the topic of several recent research reports. The Goldman Sachs Group started coverage on Cricut in a report on Wednesday, August 19th. They issued a “sell” rating and a $4.50 price target on the stock. Zacks Research upgraded Cricut from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Morgan Stanley reissued an “underweight” rating and set a $3.70 price target on shares of Cricut in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Cricut from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $4.07.
Get Our Latest Stock Analysis on Cricut
Institutional Investors Weigh In On Cricut
Several hedge funds and other institutional investors have recently bought and sold shares of CRCT. Dimensional Fund Advisors LP lifted its holdings in shares of Cricut by 30.4% during the first quarter. Dimensional Fund Advisors LP now owns 985,868 shares of the company’s stock valued at $3,687,000 after purchasing an additional 229,663 shares during the last quarter. Bank of America Corp DE raised its stake in Cricut by 124.4% during the 1st quarter. Bank of America Corp DE now owns 116,790 shares of the company’s stock valued at $437,000 after purchasing an additional 64,737 shares during the period. Royal Bank of Canada boosted its holdings in Cricut by 265.0% in the first quarter. Royal Bank of Canada now owns 8,165 shares of the company’s stock worth $30,000 after purchasing an additional 5,928 shares in the last quarter. Empowered Funds LLC grew its stake in Cricut by 18.1% in the 1st quarter. Empowered Funds LLC now owns 420,595 shares of the company’s stock valued at $1,573,000 after buying an additional 64,362 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Cricut by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 879,143 shares of the company’s stock valued at $3,288,000 after purchasing an additional 23,300 shares during the period. 19.60% of the stock is currently owned by institutional investors.
About Cricut
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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