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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $5.86, for a total value of $124,525.00. Following the completion of the transaction, the chief executive officer now directly owns 3,694,127 shares in the company, valued at approximately $21,647,584.22. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.75, for a total transaction of $122,187.50.
• 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 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 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 value 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 Price Performance

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

Cricut (NASDAQ:CRCT) 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 business had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. During the same period in the previous year, the company earned $0.08 EPS. As a group, analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Announces Dividend

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

Institutional Investors Weigh In On Cricut

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Cricut in the 4th quarter worth approximately $36,000. Drive Wealth Management LLC bought a new stake in Cricut in the fourth quarter worth $64,000. Burns Matteson Capital Management LLC purchased a new position in Cricut during the third quarter worth $70,000. CWM LLC increased its position in Cricut by 23.9% during the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Cricut in the third quarter valued at $93,000. 19.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.