Cricut, Inc. (NASDAQ:CRCT) CEO Sells $134,087.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $6.31, for a total value of $134,087.50. Following the transaction, the chief executive officer now owns 3,823,340 shares in the company, valued at approximately $24,125,275.40. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 value 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 Stock Down 2.0 %

Shares of CRCT stock opened at $5.93 on Friday. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $8.40. The firm has a market cap of $1.27 billion, a PE ratio of 21.18 and a beta of 0.03. The stock has a 50 day moving average of $5.94 and a 200-day moving average of $6.06.

Cricut (NASDAQ:CRCT) last released its earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, equities analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Cricut

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Burns Matteson Capital Management LLC bought a new stake in shares of Cricut in the 3rd quarter worth approximately $70,000. Arizona State Retirement System lifted its position in Cricut by 20.8% in the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after purchasing an additional 2,103 shares during the period. CWM LLC boosted its stake in 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 in the last quarter. Quantbot Technologies LP bought a new stake in Cricut in the 3rd quarter valued at $93,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cricut by 252,185.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after buying an additional 17,653 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.

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.