Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 21,250 Shares of Stock

Posted by Kyle Jackson on Jan 24th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $5.75, for a total transaction of $122,187.50. Following the completion of the transaction, the chief executive officer now owns 3,695,840 shares of the company’s stock, valued at $21,251,080. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.86, for a total value of $124,525.00.
On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.63, for a total value of $119,637.50.
On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 shares were 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 transaction 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 Trading Up 2.1 %

NASDAQ CRCT opened at $5.94 on Friday. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40. The company has a market cap of $1.27 billion, a PE ratio of 21.21 and a beta of -0.01. The stock’s 50-day moving average price is $5.67 and its two-hundred day moving average price is $5.98.

Cricut (NASDAQ:CRCT – Get Free Report) last released its quarterly 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). Cricut had a net margin of 8.47% and a return on equity of 12.36%. The firm had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Research analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s payout ratio is currently 71.43%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reduced their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, November 6th.

Read Our Latest Report on Cricut

Institutional Trading of Cricut

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in Cricut by 5.8% in 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 in the last quarter. American Century Companies Inc. increased its holdings in shares of Cricut by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after purchasing an additional 135,539 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cricut by 217.5% in the second quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock worth $552,000 after purchasing an additional 63,116 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Cricut by 4.9% during the second quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $2,313,000 after purchasing an additional 17,958 shares during the period. Finally, Marshall Wace LLP purchased a new position in Cricut during the second quarter valued at approximately $370,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

About Cricut

(Get Free Report)

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.