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 the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $5.63, for a total value of $119,637.50. Following the transaction, the chief executive officer now directly owns 3,717,090 shares in the company, valued at approximately $20,927,216.70. This represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 shares were sold at an average price of $6.00, for a total transaction 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 shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 3.8 %

Cricut stock traded down $0.22 during midday trading on Wednesday, reaching $5.62. 246,437 shares of the stock traded hands, compared to its average volume of 350,827. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 20.07 and a beta of -0.01. The firm has a fifty day moving average price of $5.74 and a two-hundred day moving average price of $5.98.

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 analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same period last year, the company earned $0.08 earnings per share. Analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Announces Dividend

The firm 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. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Cricut

Several institutional investors have recently bought and sold shares of the stock. Burns Matteson Capital Management LLC acquired a new position in Cricut during the third quarter worth about $70,000. Arizona State Retirement System grew its stake in shares of Cricut by 20.8% in the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after purchasing an additional 2,103 shares during the last quarter. CWM LLC raised its holdings in Cricut by 23.9% during 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 during the period. Quantbot Technologies LP acquired a new position in shares of Cricut in the third quarter worth about $93,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Cricut in the 3rd quarter valued at approximately $118,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analysts Set New Price Targets

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

Cricut Company 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.