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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s 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 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 Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 stock was 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 shares were 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 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 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 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 shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Up 2.1 %

Shares of CRCT stock traded up $0.12 during trading hours 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 fifty-two week low of $4.43 and a fifty-two week high of $8.40. The firm’s 50 day simple moving average is $5.66 and its 200-day simple moving average is $5.98. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.21 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter in the prior year, the firm earned $0.08 EPS. Sell-side analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Announces Dividend

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Cricut

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Cricut in the 4th quarter valued at approximately $36,000. Burns Matteson Capital Management LLC bought a new position in shares of Cricut during the third quarter valued at $70,000. Drive Wealth Management LLC acquired a new position in shares of Cricut during the fourth quarter worth $64,000. CWM LLC grew its stake in shares of Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after purchasing an additional 2,322 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Cricut in the third quarter valued at $93,000. Institutional investors own 19.60% of the company’s stock.

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.