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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $6.31, for a total value of $134,087.50. Following the completion of the sale, the chief executive officer now owns 3,823,340 shares of the company’s stock, valued at $24,125,275.40. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $126,225.00.
• 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 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 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 transaction of $290,098.31.

Cricut Stock Down 2.0 %

Shares of NASDAQ:CRCT opened at $5.93 on Friday. The company’s fifty day moving average is $5.94 and its two-hundred day moving average is $6.06. The company has a market cap of $1.27 billion, a P/E ratio of 21.18 and a beta of 0.03. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period in the previous year, the firm posted $0.08 earnings per share. Equities research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

The business also recently declared a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.50 dividend. 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 Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in Cricut by 252,185.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock worth $106,000 after buying an additional 17,653 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cricut by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 215,099 shares of the company’s stock worth $1,288,000 after acquiring an additional 18,939 shares in the last quarter. Principal Financial Group Inc. boosted its position in Cricut by 9.8% during the second quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock valued at $203,000 after purchasing an additional 3,034 shares during the last quarter. Rhumbline Advisers grew its stake in Cricut by 5.8% in the second quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock valued at $372,000 after purchasing an additional 3,397 shares in the last quarter. Finally, Arizona State Retirement System increased its position in 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. 19.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their target price on shares of 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.