Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 54,839 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 54,839 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $5.29, for a total value of $290,098.31. Following the transaction, the chief executive officer now directly owns 3,980,294 shares in the company, valued at $21,055,755.26. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cricut Stock Up 0.6 %

CRCT stock opened at $5.19 on Friday. The business’s fifty day moving average is $6.17 and its 200-day moving average is $6.14. The company has a market cap of $1.11 billion, a P/E ratio of 18.54 and a beta of 0.13. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40.

Cricut (NASDAQ:CRCT) last issued its 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). 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 quarter last year, the business posted $0.08 EPS. Research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a $0.50 dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s dividend payout ratio is currently 71.43%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Cricut

Hedge funds have recently modified their holdings of the business. Barclays PLC increased its stake in Cricut by 366.6% during the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock worth $529,000 after purchasing an additional 60,058 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cricut by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock worth $7,495,000 after acquiring an additional 9,940 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Cricut during the third quarter worth $168,000. Tenzing Global Management LLC lifted its position in Cricut by 4.9% in the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after acquiring an additional 100,000 shares in the last quarter. Finally, State Street Corp boosted its stake in Cricut by 3.2% in the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock worth $7,062,000 after purchasing an additional 31,584 shares during the period. Institutional investors and hedge funds 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.