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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00. Following the completion of the sale, the chief executive officer now directly owns 3,780,840 shares in the company, valued at approximately $22,458,189.60. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $134,087.50.
• 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 transaction 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 value of $290,098.31.

Cricut Trading Down 2.0 %

Cricut stock traded down $0.12 on Friday, hitting $5.93. 480,267 shares of the stock traded hands, compared to its average volume of 662,934. The firm has a market cap of $1.27 billion, a P/E ratio of 21.18 and a beta of 0.03. The business’s fifty day simple moving average is $5.94 and its 200 day simple moving average is $6.06. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $167.89 million for the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.08 EPS. As a group, analysts predict 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 is presently 71.43%.

Hedge Funds Weigh In On Cricut

Several large investors have recently modified their holdings of CRCT. Burns Matteson Capital Management LLC purchased a new position in shares of Cricut in the 3rd quarter worth about $70,000. Arizona State Retirement System increased its holdings 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 buying an additional 2,103 shares in the last quarter. CWM LLC increased its holdings in Cricut by 23.9% in the 3rd quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after buying an additional 2,322 shares in the last quarter. Quantbot Technologies LP bought a new stake in Cricut in the 3rd quarter worth about $93,000. Finally, Nisa Investment Advisors LLC increased its holdings 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. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their price target on 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.