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 dated Friday, December 20th. The shares were sold at an average price of $5.94, for a total value of $126,225.00. Following the sale, the chief executive officer now owns 3,780,840 shares of the company’s stock, valued at approximately $22,458,189.60. This represents a 0.56 % 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 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 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 transaction of $290,098.31.

Cricut Stock Performance

NASDAQ CRCT traded down $0.12 on Friday, hitting $5.93. 480,267 shares of the stock were exchanged, compared to its average volume of 662,934. The stock has a fifty day moving average price of $5.94 and a two-hundred day moving average price of $6.06. The firm has a market capitalization of $1.27 billion, a P/E ratio of 21.18 and a beta of 0.03. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40.

Cricut (NASDAQ:CRCT) last released 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 return on equity of 12.36% and a net margin of 8.47%. The business had revenue of $167.89 million for the quarter, compared to the consensus estimate of $165.35 million. During the same quarter last year, the business posted $0.08 earnings per share. Sell-side analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

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

Institutional Trading of Cricut

Several institutional investors and hedge funds have recently made changes to their positions in CRCT. American Century Companies Inc. raised its holdings in shares of Cricut by 42.7% in the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after acquiring an additional 135,539 shares in the last quarter. Algert Global LLC purchased a new position in Cricut in the second quarter valued at about $558,000. Nisa Investment Advisors LLC grew its stake in Cricut by 252,185.7% in the second quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after purchasing an additional 17,653 shares during the last quarter. Renaissance Technologies LLC grew its stake in Cricut by 4.9% in the second quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock valued at $2,313,000 after purchasing an additional 17,958 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Cricut by 7.1% in the second quarter. Cubist Systematic Strategies LLC now owns 268,926 shares of the company’s stock valued at $1,611,000 after purchasing an additional 17,898 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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