Cricut, Inc. (NASDAQ:CRCT) CEO Sells $122,187.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $5.75, for a total value of $122,187.50. Following the completion of the sale, the chief executive officer now owns 3,695,840 shares in the company, valued at approximately $21,251,080. This represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 transaction 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 transaction 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 transaction 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 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 Price Performance

CRCT traded up $0.12 on Thursday, reaching $5.94. 255,295 shares of the company’s stock were exchanged, compared to its average volume of 278,878. The stock’s fifty day moving average price is $5.66 and its 200-day moving average price is $5.98. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The stock has a market cap of $1.27 billion, a PE ratio of 21.21 and a beta of -0.01.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $165.35 million. During the same period last year, the firm posted $0.08 EPS. As a group, research analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Cricut

Several institutional investors have recently made changes to their positions in CRCT. American Century Companies Inc. increased its stake in Cricut by 42.7% during the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after acquiring an additional 135,539 shares during the last quarter. Barclays PLC boosted its stake in Cricut by 366.6% during the third quarter. Barclays PLC now owns 76,440 shares of the company’s stock worth $529,000 after buying an additional 60,058 shares during the period. Geode Capital Management LLC increased its position in shares of Cricut by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after acquiring an additional 9,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cricut by 6.9% in 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 valued at $607,000 after acquiring an additional 5,613 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Cricut in the 2nd quarter worth approximately $558,000. Hedge funds and other 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.