EntryPoint Capital LLC Has $87,000 Holdings in Cricut, Inc. (NASDAQ:CRCT)

EntryPoint Capital LLC cut its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 19.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,350 shares of the company’s stock after selling 4,457 shares during the period. EntryPoint Capital LLC’s holdings in Cricut were worth $87,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CRCT. Vanguard Group Inc. lifted its position in Cricut by 4.4% during the third quarter. Vanguard Group Inc. now owns 3,200,781 shares of the company’s stock worth $29,735,000 after acquiring an additional 133,624 shares during the last quarter. Strs Ohio increased its holdings in shares of Cricut by 139.1% during the fourth quarter. Strs Ohio now owns 77,000 shares of the company’s stock worth $507,000 after purchasing an additional 44,800 shares during the period. Swiss National Bank increased its holdings in shares of Cricut by 9.2% during the fourth quarter. Swiss National Bank now owns 67,900 shares of the company’s stock worth $447,000 after purchasing an additional 5,700 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Cricut during the fourth quarter worth approximately $411,000. Finally, Oxford Asset Management LLP bought a new position in Cricut in the fourth quarter valued at approximately $181,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Cricut Price Performance

NASDAQ:CRCT traded up $0.24 during mid-day trading on Friday, reaching $6.32. The stock had a trading volume of 225,685 shares, compared to its average volume of 832,274. The stock has a 50-day simple moving average of $6.17 and a two-hundred day simple moving average of $5.67. The stock has a market capitalization of $1.37 billion, a PE ratio of 20.97 and a beta of 0.10. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $12.24.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $167.39 million for the quarter, compared to analysts’ expectations of $174.20 million. Cricut had a net margin of 8.54% and a return on equity of 12.25%. Equities analysts expect that Cricut, Inc. will post 0.24 EPS for the current year.

Cricut Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, July 19th. Shareholders of record on Tuesday, July 2nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a dividend yield of 1.3%. Cricut’s payout ratio is presently 68.97%.

Insiders Place Their Bets

In other Cricut news, EVP Donald B. Olsen sold 11,045 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $7.48, for a total transaction of $82,616.60. Following the sale, the executive vice president now owns 562,873 shares of the company’s stock, valued at $4,210,290.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Cricut news, EVP Donald B. Olsen sold 11,045 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $7.48, for a total transaction of $82,616.60. Following the sale, the executive vice president now owns 562,873 shares of the company’s stock, valued at $4,210,290.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Arora Ashish sold 129,186 shares of Cricut stock in a transaction on Friday, May 10th. The stock was sold at an average price of $7.11, for a total transaction of $918,512.46. Following the transaction, the chief executive officer now owns 2,090,420 shares in the company, valued at approximately $14,862,886.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,847 shares of company stock valued at $2,130,703. 18.02% of the stock is currently owned by insiders.

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.