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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $6.00, for a total transaction of $127,500.00. Following the completion of the sale, the chief executive officer now owns 3,844,590 shares in the company, valued at $23,067,540. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $290,098.31.

Cricut Stock Performance

NASDAQ CRCT opened at $5.97 on Friday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 21.32 and a beta of 0.03. The business has a 50 day simple moving average of $5.97 and a 200 day simple moving average of $6.06. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40.

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 the consensus estimate of $165.35 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. During the same period in the prior year, the company earned $0.08 EPS. On average, analysts predict that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Announces Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s dividend payout ratio (DPR) is 71.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC raised its position in Cricut by 150.8% in the 2nd quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after buying an additional 5,835 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Cricut in the third quarter valued at approximately $70,000. Arizona State Retirement System raised its holdings in shares of Cricut by 20.8% in the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after purchasing an additional 2,103 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Cricut in the third quarter worth $93,000. Finally, Nisa Investment Advisors LLC grew its position in Cricut by 252,185.7% in the second quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after purchasing an additional 17,653 shares in the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.