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

Posted by Tech Dows on Jan 24th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $5.75, for a total transaction of $122,187.50. Following the transaction, the chief executive officer now owns 3,695,840 shares in the company, valued at $21,251,080. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.86, for a total transaction of $124,525.00.
On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.63, for a total transaction of $119,637.50.
On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total value of $126,012.50.
On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value 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 value 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 shares were 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 Trading Up 2.1 %

Shares of NASDAQ CRCT opened at $5.94 on Friday. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.21 and a beta of -0.01. The stock’s 50 day simple moving average is $5.67 and its 200 day simple moving average is $5.98.

Cricut (NASDAQ:CRCT – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $165.35 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, equities analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently announced a None dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.50 per share. This represents a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in shares of Cricut by 4.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company’s stock valued at $280,000 after buying an additional 2,272 shares during the last quarter. CWM LLC grew its holdings in Cricut by 23.9% in the 3rd quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after buying an additional 2,322 shares in the last quarter. Rhumbline Advisers increased its position in Cricut by 5.8% in the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock valued at $372,000 after acquiring an additional 3,397 shares during the period. SG Americas Securities LLC raised its stake in Cricut by 26.3% during the 4th quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $123,000 after acquiring an additional 4,484 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cricut by 6.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock worth $607,000 after acquiring an additional 5,613 shares during the period. Institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on CRCT

Cricut Company Profile

(Get Free Report)

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.