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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $5.75, for a total value of $122,187.50. Following the sale, the chief executive officer now directly owns 3,695,840 shares in the company, valued at $21,251,080. This represents a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 transaction 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 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 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 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 Up 2.1 %

NASDAQ:CRCT traded up $0.12 during midday trading on Thursday, hitting $5.94. 255,295 shares of the company were exchanged, compared to its average volume of 278,878. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40. The company has a market capitalization of $1.27 billion, a PE ratio of 21.21 and a beta of -0.01. The company has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $5.98.

Cricut (NASDAQ:CRCT) last posted its 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). The firm 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 last year, the firm posted $0.08 EPS. As a group, equities research analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The firm also recently announced a None dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s dividend payout ratio (DPR) is presently 71.43%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Cricut

Institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Cricut during the fourth quarter worth $36,000. Drive Wealth Management LLC acquired a new stake in Cricut in the fourth quarter valued at about $64,000. Burns Matteson Capital Management LLC purchased a new stake in Cricut in the 3rd quarter valued at approximately $70,000. CWM LLC increased its position in Cricut by 23.9% during the 3rd quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after purchasing an additional 2,322 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Cricut during the 3rd quarter worth approximately $93,000. 19.60% of the stock is owned by institutional investors and hedge funds.

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.