Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 21,250 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $6.31, for a total transaction of $134,087.50. Following the transaction, the chief executive officer now owns 3,823,340 shares in the company, valued at $24,125,275.40. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.00, for a total transaction 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 transaction 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 transaction of $290,098.31.

Cricut Stock Down 2.0 %

Shares of Cricut stock traded down $0.12 on Friday, hitting $5.93. The stock had a trading volume of 480,267 shares, compared to its average volume of 662,934. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.18 and a beta of 0.03. The stock’s 50-day simple moving average is $5.94 and its two-hundred day simple moving average is $6.06.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $165.35 million. During the same period in the previous year, the business earned $0.08 EPS. As a group, equities 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. Investors of record on Tuesday, January 7th will be paid a $0.50 dividend. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their target price on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

Institutional Trading of Cricut

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRCT. American Century Companies Inc. lifted its stake in Cricut by 42.7% in the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after acquiring an additional 135,539 shares during the period. Tenzing Global Management LLC lifted its stake in Cricut by 4.9% in the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after acquiring an additional 100,000 shares during the period. Algert Global LLC purchased a new position in Cricut during the second quarter valued at $558,000. Martingale Asset Management L P lifted its position in Cricut by 258.6% during the third quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock valued at $872,000 after buying an additional 90,757 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Cricut by 217.5% during the second quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after buying an additional 63,116 shares during the period. Hedge funds and other 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.