Arora Ashish Sells 33,561 Shares of Cricut (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 33,561 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $4.82, for a total value of $161,764.02. Following the transaction, the chief executive officer directly owned 4,386,252 shares in the company, valued at approximately $21,141,734.64. This represents a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 24th, Arora Ashish sold 10,628 shares of Cricut stock. The stock was sold at an average price of $4.77, for a total value of $50,695.56.
• On Friday, November 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $4.83, for a total transaction of $289,800.00.
• On Friday, October 17th, Arora Ashish sold 17,204 shares of Cricut stock. The shares were sold at an average price of $5.27, for a total transaction of $90,665.08.
• On Thursday, October 16th, Arora Ashish sold 11,211 shares of Cricut stock. The stock was sold at an average price of $5.27, for a total transaction of $59,081.97.
• On Wednesday, October 15th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.47, for a total transaction of $116,237.50.
• On Wednesday, October 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.66, for a total transaction of $120,275.00.
• On Monday, October 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.81, for a total transaction of $123,462.50.
• On Thursday, September 25th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.42, for a total value of $136,425.00.
• On Tuesday, September 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.77, for a total value of $143,862.50.
• On Thursday, September 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.36, for a total value of $135,150.00.

Cricut Stock Down 1.9%

CRCT opened at $4.75 on Thursday. The business has a fifty day moving average of $5.40 and a 200 day moving average of $5.79. The stock has a market cap of $1.01 billion, a P/E ratio of 12.50 and a beta of 0.17. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.33.

Cricut (NASDAQ:CRCT) last released its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $170.44 million for the quarter, compared to analyst estimates of $156.93 million. Cricut had a return on equity of 19.91% and a net margin of 11.31%. Equities analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a dividend yield of 399.0%. Cricut’s dividend payout ratio (DPR) is 52.63%.

Hedge Funds Weigh In On Cricut

Several institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in Cricut by 255.9% during the second quarter. Osaic Holdings Inc. now owns 3,644 shares of the company’s stock worth $25,000 after buying an additional 2,620 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Cricut in the 3rd quarter worth $68,000. Olympiad Research LP purchased a new stake in shares of Cricut during the 3rd quarter worth $74,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Cricut during the 3rd quarter worth $75,000. Finally, RFG Advisory LLC bought a new stake in Cricut during the third quarter valued at about $75,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered Cricut from a “neutral” rating to a “sell” rating and lowered their price target for the company from $5.50 to $4.75 in a report on Thursday, October 16th. Wall Street Zen raised Cricut from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cricut in a report on Tuesday. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cricut currently has a consensus rating of “Strong Sell” and an average price target of $4.18.

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.