Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 60,000 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.87, for a total value of $352,200.00. Following the completion of the sale, the chief executive officer now owns 3,897,038 shares in the company, valued at $22,875,613.06. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Arora Ashish also recently made the following trade(s):

• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.00, for a total transaction of $127,500.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Down 1.3 %

Shares of NASDAQ CRCT opened at $5.95 on Friday. The business has a fifty day simple moving average of $5.98 and a two-hundred day simple moving average of $6.06. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The firm has a market cap of $1.28 billion, a PE ratio of 21.25 and a beta of 0.03.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period in the prior year, the company posted $0.08 earnings per share. On average, research analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

The company also recently declared a None dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a dividend of $0.50 per share. This represents a yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s dividend payout ratio (DPR) is presently 71.43%.

Institutional Investors Weigh In On Cricut

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after buying an additional 135,539 shares during the last quarter. Algert Global LLC acquired a new position in shares of Cricut in the second quarter valued at approximately $558,000. Nisa Investment Advisors LLC increased its holdings in Cricut by 252,185.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after purchasing an additional 17,653 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Cricut by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock valued at $2,313,000 after purchasing an additional 17,958 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Cricut by 7.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 268,926 shares of the company’s stock worth $1,611,000 after acquiring an additional 17,898 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, The Goldman Sachs Group dropped their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, November 6th.

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.