Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 21,250 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $5.63, for a total value of $119,637.50. Following the completion of the sale, the chief executive officer now owns 3,717,090 shares of the company’s stock, valued at approximately $20,927,216.70. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.93, for a total transaction of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total transaction of $134,087.50.
• 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 value of $127,500.00.
• On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.87, for a total transaction of $352,200.00.
• 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 transaction of $290,098.31.

Cricut Price Performance

NASDAQ CRCT opened at $5.62 on Thursday. The company has a 50 day simple moving average of $5.72 and a 200-day simple moving average of $5.98. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.07 and a beta of -0.01.

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

Cricut Dividend Announcement

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

Hedge Funds Weigh In On Cricut

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRCT. Burns Matteson Capital Management LLC acquired a new position in shares of Cricut during the 3rd quarter worth $70,000. Arizona State Retirement System raised its holdings in Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after buying an additional 2,103 shares in the last quarter. CWM LLC lifted its position in shares of Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after buying an additional 2,322 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Cricut during the 3rd quarter worth about $93,000. Finally, SG Americas Securities LLC acquired a new position in shares of Cricut during the 3rd quarter valued at about $118,000. Institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reduced their target price on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report 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.