Cricut, Inc. (NASDAQ:CRCT) CEO Sells $122,187.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $5.75, for a total transaction of $122,187.50. Following the transaction, the chief executive officer now directly owns 3,695,840 shares of the company’s stock, valued at $21,251,080. This represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.86, for a total value of $124,525.00.
• 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 value of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.93, for a total value of $126,012.50.
• 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 value of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 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 shares were 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 value of $290,098.31.

Cricut Trading Down 2.5 %

Shares of CRCT opened at $5.79 on Friday. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40. The stock has a market cap of $1.24 billion, a P/E ratio of 20.68 and a beta of -0.01. The company has a 50-day moving average of $5.69 and a two-hundred day moving average of $5.98.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $167.89 million for the quarter, compared to analyst estimates of $165.35 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $0.50 dividend. The ex-dividend date of this dividend was 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 reduced their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

Institutional Trading of Cricut

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Cricut in the 4th quarter valued at about $36,000. Copeland Capital Management LLC purchased a new stake in shares of Cricut during the fourth quarter worth about $63,000. Drive Wealth Management LLC acquired a new position in shares of Cricut in the fourth quarter valued at approximately $64,000. Burns Matteson Capital Management LLC purchased a new position in shares of Cricut during the third quarter valued at approximately $70,000. Finally, CWM LLC boosted its position in Cricut by 23.9% during the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after acquiring an additional 2,322 shares during the last quarter. 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.