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 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 directly owns 3,823,340 shares of the company’s stock, valued at $24,125,275.40. This represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 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 Price Performance

NASDAQ CRCT traded down $0.12 during trading hours on Friday, hitting $5.93. The company’s stock had a trading volume of 480,267 shares, compared to its average volume of 662,934. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $8.40. The company’s 50 day simple moving average is $5.94 and its two-hundred day simple moving average is $6.06. The company has a market cap of $1.27 billion, a P/E ratio of 21.18 and a beta of 0.03.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, research analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal 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 issued a $0.50 dividend. The ex-dividend date is Tuesday, January 7th. This represents a yield of 3.4%. Cricut’s payout ratio is 71.43%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price target on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On Cricut

A number of large investors have recently made changes to their positions in CRCT. American Century Companies Inc. grew its stake 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 purchasing an additional 135,539 shares during the period. Tenzing Global Management LLC grew its stake in shares of Cricut by 4.9% during 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. Algert Global LLC bought a new stake in shares of Cricut during the 2nd quarter valued at about $558,000. Martingale Asset Management L P grew its stake in shares of Cricut by 258.6% during the 3rd quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock valued at $872,000 after purchasing an additional 90,757 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cricut by 217.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after purchasing an additional 63,116 shares during the period. 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.