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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.93, for a total value of $126,012.50. Following the transaction, the chief executive officer now owns 3,759,590 shares of the company’s stock, valued at $22,294,368.70. 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 through this hyperlink.

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

• 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 value of $119,637.50.
• 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 transaction 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 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 stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 3.8 %

CRCT opened at $5.62 on Thursday. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The firm has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $5.98. The stock has a market capitalization of $1.21 billion, a PE ratio of 20.07 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data 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 return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same quarter last year, the firm earned $0.08 EPS. On average, research analysts predict that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The company also recently declared a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.50 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s dividend payout ratio (DPR) is presently 71.43%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Cricut

Hedge funds have recently added to or reduced their stakes in the company. Burns Matteson Capital Management LLC bought a new stake in Cricut during the 3rd quarter worth about $70,000. Arizona State Retirement System grew its position in shares of 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 buying an additional 2,103 shares during the period. CWM LLC raised its stake in shares of Cricut by 23.9% during the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after buying an additional 2,322 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Cricut during the third quarter worth approximately $93,000. Finally, SG Americas Securities LLC bought a new stake in shares of Cricut during the 3rd quarter valued at $118,000. Institutional investors own 19.60% of the company’s stock.

About Cricut

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.