Arora Ashish Sells 21,250 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $5.86, for a total value of $124,525.00. Following the completion of the transaction, the chief executive officer now directly owns 3,694,127 shares in the company, valued at $21,647,584.22. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.75, for a total value of $122,187.50.
• 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 shares were 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 shares were sold at an average price of $6.31, for a total value 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 value 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 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 Stock Performance

Shares of CRCT stock opened at $5.79 on Friday. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40. The firm has a market capitalization of $1.24 billion, a PE ratio of 20.68 and a beta of -0.01. The stock has a fifty day simple moving average of $5.69 and a two-hundred day simple moving average of $5.98.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (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 quarter in the previous year, the company posted $0.08 EPS. On average, sell-side analysts forecast 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 was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a yield of 3.4%. Cricut’s payout ratio is presently 71.43%.

Analyst Upgrades and Downgrades

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 research note on Wednesday, November 6th.

Institutional Investors Weigh In On Cricut

A number of institutional investors have recently bought and sold shares of CRCT. Copeland Capital Management LLC purchased a new position in shares of Cricut during the fourth quarter valued at about $63,000. R Squared Ltd purchased a new position in shares of Cricut during the fourth quarter valued at about $36,000. Drive Wealth Management LLC purchased a new position in shares of Cricut during the fourth quarter valued at about $64,000. Exchange Traded Concepts LLC grew its position in shares of Cricut by 4.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company’s stock valued at $280,000 after purchasing an additional 2,272 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Cricut by 26.3% during the fourth quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $123,000 after purchasing an additional 4,484 shares in the last quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

About Cricut

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.