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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $5.63, for a total transaction of $119,637.50. Following the transaction, the chief executive officer now owns 3,717,090 shares in the company, valued at approximately $20,927,216.70. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 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 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

Shares of Cricut stock traded down $0.22 during midday trading on Wednesday, hitting $5.62. The company had a trading volume of 246,437 shares, compared to its average volume of 350,827. The stock has a market cap of $1.21 billion, a PE ratio of 20.07 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 business’s 50 day simple moving average is $5.74 and its two-hundred day simple moving average is $5.98.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data 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 net margin of 8.47% and a return on equity of 12.36%. The company had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. During the same period in the prior year, the company posted $0.08 EPS. On average, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tenzing Global Management LLC grew its stake in shares of Cricut by 4.9% in the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after purchasing an additional 100,000 shares during the period. Geode Capital Management LLC raised its stake in Cricut by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock worth $7,495,000 after acquiring an additional 9,940 shares in the last quarter. State Street Corp lifted its holdings in shares of Cricut by 3.2% during the third quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after acquiring an additional 31,584 shares during the period. AQR Capital Management LLC boosted its stake in shares of Cricut by 3.1% in the 2nd quarter. AQR Capital Management LLC now owns 765,474 shares of the company’s stock valued at $4,585,000 after purchasing an additional 23,345 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Cricut by 42.7% during the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after purchasing an additional 135,539 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note 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.