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 dated Monday, January 6th. The shares were sold at an average price of $5.93, for a total value of $126,012.50. Following the completion of the sale, the chief executive officer now directly owns 3,759,590 shares of the company’s stock, valued at approximately $22,294,368.70. This trade represents a 0.56 % decrease in their ownership of the stock. The sale 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 Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.63, for a total transaction 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 transaction of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total transaction 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 shares were 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 3.8 %

CRCT opened at $5.62 on Thursday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 20.07 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 firm’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $5.98.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share 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 firm 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 earned $0.08 earnings per share. On average, equities research analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group decreased their price objective 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 Trading of Cricut

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. increased its stake in Cricut by 42.7% in 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 last quarter. Barclays PLC grew its holdings in shares of Cricut by 366.6% in the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock valued at $529,000 after acquiring an additional 60,058 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cricut by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after acquiring an additional 9,940 shares during the last quarter. Algert Global LLC bought a new stake in Cricut during the second quarter worth about $558,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cricut by 6.9% during the third 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 purchasing an additional 5,613 shares during the last quarter. Institutional investors own 19.60% of the company’s stock.

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.