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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.93, for a total value of $126,012.50. Following the transaction, the chief executive officer now owns 3,759,590 shares in the company, valued at $22,294,368.70. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.63, for a total value of $119,637.50.
• 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 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 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 stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 1.1 %

CRCT stock opened at $5.56 on Friday. The stock has a market capitalization of $1.19 billion, a PE ratio of 19.86 and a beta of -0.01. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40. The stock’s 50 day simple moving average is $5.68 and its 200 day simple moving average is $5.97.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period last year, the company posted $0.08 earnings per share. On average, research analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut 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.

Hedge Funds Weigh In On Cricut

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings 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 valued at $2,714,000 after buying an additional 135,539 shares during the period. Barclays PLC lifted its holdings in shares of Cricut by 366.6% during the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock valued at $529,000 after buying an additional 60,058 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Cricut by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after buying an additional 9,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cricut by 6.9% during 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 buying an additional 5,613 shares during the period. Finally, Algert Global LLC bought a new position in shares of Cricut during the 2nd quarter valued at $558,000. 19.60% of the stock is 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.