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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $5.86, for a total value of $124,525.00. Following the completion of the sale, the chief executive officer now directly owns 3,694,127 shares of the company’s stock, valued at $21,647,584.22. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.75, for a total value of $122,187.50.
• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 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 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 value of $352,200.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Performance

NASDAQ:CRCT traded up $0.12 on Thursday, reaching $5.94. The company’s stock had a trading volume of 255,295 shares, compared to its average volume of 278,878. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The business’s 50-day moving average price is $5.66 and its two-hundred day moving average price is $5.98. The firm has a market cap of $1.27 billion, a PE ratio of 21.21 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (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 business had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Cricut

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its position in Cricut by 5.8% during the second quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after acquiring an additional 3,397 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after purchasing an additional 135,539 shares during the period. Dimensional Fund Advisors LP lifted its stake in Cricut by 217.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after purchasing an additional 63,116 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Cricut by 4.9% during the second quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $2,313,000 after purchasing an additional 17,958 shares during the period. Finally, Marshall Wace LLP acquired a new position in Cricut during the second quarter worth approximately $370,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

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.