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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $5.63, for a total transaction of $119,637.50. Following the sale, the chief executive officer now owns 3,717,090 shares of the company’s stock, valued at $20,927,216.70. 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 is accessible 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 value 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 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 transaction 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 transaction of $290,098.31.

Cricut Price Performance

CRCT opened at $5.62 on Thursday. The company has a market capitalization of $1.21 billion, a P/E ratio of 20.07 and a beta of -0.01. The firm’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $5.98. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40.

Cricut (NASDAQ:CRCT) last issued its 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). Cricut had a net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. During the same quarter last year, the firm posted $0.08 earnings per share. On average, equities research analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

The business also recently announced a None dividend, which will be paid on Tuesday, January 21st. Stockholders 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 presently 71.43%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Cricut

Several institutional investors have recently bought and sold shares of CRCT. Arizona State Retirement System grew its position in Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after acquiring an additional 2,103 shares during the last quarter. CWM LLC raised its holdings in shares of Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after buying an additional 2,322 shares during the last quarter. Principal Financial Group Inc. lifted its position in Cricut by 9.8% during the 2nd quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock worth $203,000 after buying an additional 3,034 shares in the last quarter. Rhumbline Advisers grew its holdings in Cricut by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after acquiring an additional 3,397 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cricut by 6.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock worth $607,000 after acquiring an additional 5,613 shares during the last quarter. Institutional investors and hedge funds 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.