Arora Ashish Sells 20,833 Shares of Cricut (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 20,833 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $4.93, for a total transaction of $102,706.69. Following the completion of the transaction, the chief executive officer owned 4,177,922 shares in the company, valued at $20,597,155.46. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 5th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total transaction of $103,540.01.
• On Wednesday, December 24th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $4.94, for a total transaction of $102,915.02.
• On Monday, December 22nd, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $5.12, for a total value of $106,664.96.
• On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $5.09, for a total value of $106,039.97.
• On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total value of $105,831.18.
• On Wednesday, November 26th, Arora Ashish sold 20,372 shares of Cricut stock. The shares were sold at an average price of $4.79, for a total value of $97,581.88.
• On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The shares were sold at an average price of $4.82, for a total value of $161,764.02.
• 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 shares were 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 stock was sold at an average price of $5.27, for a total transaction of $90,665.08.

Cricut Price Performance

Shares of CRCT opened at $4.86 on Friday. The firm has a 50-day simple moving average of $4.92 and a two-hundred day simple moving average of $5.51. The stock has a market cap of $1.03 billion, a PE ratio of 12.79 and a beta of 0.17. Cricut, Inc. has a 1-year low of $3.94 and a 1-year high of $7.33.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data 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. Cricut had a net margin of 11.31% and a return on equity of 19.91%. The firm had revenue of $170.44 million during the quarter, compared to analysts’ expectations of $156.93 million. As a group, sell-side analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a dividend yield of 412.0%. Cricut’s payout ratio is presently 52.63%.

Wall Street Analysts Forecast Growth

CRCT has been the subject of a number of research analyst reports. Wall Street Zen cut Cricut from a “buy” rating to a “hold” rating in a report on Saturday, November 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cricut in a research note on Monday, December 29th. Finally, The Goldman Sachs Group downgraded shares of Cricut from a “neutral” rating to a “sell” rating and cut their target price for the stock from $5.50 to $4.75 in a research note on Thursday, October 16th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus price target of $4.18.

Institutional Trading of Cricut

A number of large investors have recently made changes to their positions in CRCT. Wealth Enhancement Advisory Services LLC lifted its stake in Cricut by 16.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,992 shares of the company’s stock worth $126,000 after acquiring an additional 3,597 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of Cricut by 4.1% in the 4th quarter. CWA Asset Management Group LLC now owns 377,095 shares of the company’s stock valued at $1,867,000 after purchasing an additional 14,864 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Cricut by 824.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 358,213 shares of the company’s stock valued at $2,253,000 after purchasing an additional 319,447 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Cricut by 76.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 906,141 shares of the company’s stock worth $5,700,000 after purchasing an additional 392,951 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new position in shares of Cricut during the third quarter worth $101,000. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

About Cricut

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.