Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 56,581 Shares of Stock

Cricut, Inc. (NASDAQ:CRCTGet Free Report) CEO Arora Ashish sold 56,581 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $7.06, for a total transaction of $399,461.86. Following the transaction, the chief executive officer now directly owns 2,033,839 shares in the company, valued at approximately $14,358,903.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, May 10th, Arora Ashish sold 129,186 shares of Cricut stock. The stock was sold at an average price of $7.11, for a total value of $918,512.46.

Cricut Stock Up 4.3 %

Shares of NASDAQ:CRCT opened at $7.48 on Wednesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 25.79 and a beta of 0.03. The company has a 50 day moving average of $5.32 and a two-hundred day moving average of $6.01. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $17.89.

Cricut (NASDAQ:CRCTGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a net margin of 8.54% and a return on equity of 12.25%. The firm had revenue of $231.25 million for the quarter, compared to analyst estimates of $252.67 million. During the same period in the previous year, the business posted $0.05 earnings per share. Cricut’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, equities analysts anticipate that Cricut, Inc. will post 0.24 earnings per share for the current year.

Cricut Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, July 19th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a dividend yield of 1.3%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRCT. Citigroup reduced their price target on shares of Cricut from $8.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Barclays reduced their target price on shares of Cricut from $6.00 to $4.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Finally, The Goldman Sachs Group cut their price objective on Cricut from $7.00 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th.

Read Our Latest Analysis on Cricut

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRCT. GSA Capital Partners LLP raised its holdings in Cricut by 584.2% in the first quarter. GSA Capital Partners LLP now owns 423,849 shares of the company’s stock valued at $2,018,000 after acquiring an additional 361,904 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cricut by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 3,658,790 shares of the company’s stock worth $17,416,000 after purchasing an additional 360,080 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Cricut in the 1st quarter valued at about $758,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Cricut during the fourth quarter worth about $411,000. Finally, Strs Ohio lifted its position in shares of Cricut by 139.1% during the fourth quarter. Strs Ohio now owns 77,000 shares of the company’s stock worth $507,000 after purchasing an additional 44,800 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Cricut Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Cricut (NASDAQ:CRCT)

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