Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells $134,087.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $6.31, for a total transaction of $134,087.50. Following the transaction, the chief executive officer now owns 3,823,340 shares in the company, valued at $24,125,275.40. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 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 stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Performance

Shares of NASDAQ:CRCT opened at $5.93 on Monday. The firm’s 50 day simple moving average is $5.94 and its 200-day simple moving average is $6.06. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The firm has a market cap of $1.27 billion, a PE ratio of 21.18 and a beta of 0.03.

Cricut (NASDAQ:CRCT) last announced 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). The firm had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. During the same period last year, the company earned $0.08 EPS. Equities research analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

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

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 on the stock in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Burns Matteson Capital Management LLC purchased a new stake in shares of Cricut in the 3rd quarter worth approximately $70,000. Arizona State Retirement System lifted 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 worth $73,000 after buying an additional 2,103 shares during the period. CWM LLC lifted its holdings in Cricut by 23.9% during 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 period. Quantbot Technologies LP bought a new stake in Cricut during the 3rd quarter valued at $93,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Cricut by 252,185.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after acquiring an additional 17,653 shares during the period. 19.60% of the stock is currently owned by institutional investors.

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.