Cricut, Inc. (NASDAQ:CRCT) CEO Sells $126,012.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.93, for a total value of $126,012.50. Following the transaction, the chief executive officer now owns 3,759,590 shares of the company’s stock, valued at approximately $22,294,368.70. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $119,637.50.
• 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 stock was 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 stock was 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 stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 1.1 %

NASDAQ CRCT opened at $5.56 on Friday. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The stock has a 50-day moving average of $5.68 and a 200-day moving average of $5.97. The firm has a market cap of $1.19 billion, a PE ratio of 19.86 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last released its earnings results 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). 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 period last year, the firm posted $0.08 EPS. As a group, equities research analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Burns Matteson Capital Management LLC purchased a new position in Cricut during the 3rd quarter valued at about $70,000. Arizona State Retirement System increased its holdings in Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after purchasing an additional 2,103 shares during the period. CWM LLC increased its holdings in Cricut by 23.9% during the 3rd quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after purchasing an additional 2,322 shares during the period. Quantbot Technologies LP purchased a new position in Cricut during the 3rd quarter valued at about $93,000. Finally, SG Americas Securities LLC purchased a new position in Cricut during the 3rd quarter valued at about $118,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

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