Cricut, Inc. (NASDAQ:CRCT) CEO Sells $290,098.31 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 54,839 shares of Cricut stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $5.29, for a total transaction of $290,098.31. Following the transaction, the chief executive officer now owns 3,980,294 shares in the company, valued at approximately $21,055,755.26. The trade was a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Cricut Stock Down 0.2 %

Cricut stock opened at $5.16 on Friday. The company’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.15. 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 $1.11 billion, a P/E ratio of 18.43 and a beta of 0.13.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 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 analysts’ expectations of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, equities research analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a dividend of $0.50 per share. This represents a yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s payout ratio is 71.43%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Cricut

Hedge funds have recently bought and sold shares of the business. CWM LLC increased its position in Cricut by 150.8% during the second quarter. CWM LLC now owns 9,704 shares of the company’s stock worth $58,000 after buying an additional 5,835 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Cricut during the third quarter worth $70,000. Arizona State Retirement System increased its position in Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after buying an additional 2,103 shares during the last quarter. Quantbot Technologies LP acquired a new position in Cricut during the third quarter worth $93,000. Finally, Lazard Asset Management LLC increased its position in Cricut by 9,096.7% during the first quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after buying an additional 13,645 shares during the last quarter. 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.