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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.93, for a total value of $126,012.50. Following the sale, the chief executive officer now owns 3,759,590 shares in the company, valued at approximately $22,294,368.70. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $5.63, for a total transaction 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 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 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 value 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 value 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 Down 3.8 %

CRCT traded down $0.22 during trading on Wednesday, reaching $5.62. The company had a trading volume of 246,437 shares, compared to its average volume of 350,827. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The stock has a market cap of $1.21 billion, a P/E ratio of 20.07 and a beta of -0.01. The business has a 50 day simple moving average of $5.74 and a 200-day simple moving average of $5.98.

Cricut (NASDAQ:CRCT) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS 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 firm had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, equities research analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s dividend payout ratio is 71.43%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased their price objective on 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

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after purchasing an additional 138,385 shares during the last quarter. American Century Companies Inc. increased its holdings in Cricut by 42.7% during the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock valued at $2,714,000 after buying an additional 135,539 shares during the period. Tenzing Global Management LLC lifted its holdings in Cricut by 4.9% during the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after buying an additional 100,000 shares during the period. Algert Global LLC bought a new stake in Cricut during the second quarter valued at about $558,000. Finally, Martingale Asset Management L P grew its position in shares of Cricut by 258.6% in the 3rd quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after buying an additional 90,757 shares during the last quarter. 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.