Cricut, Inc. (NASDAQ:CRCT) CEO Sells $126,225.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00. Following the completion of the sale, the chief executive officer now directly owns 3,780,840 shares in the company, valued at $22,458,189.60. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 stock was 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 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 transaction of $290,098.31.

Cricut Stock Down 2.0 %

CRCT stock opened at $5.93 on Friday. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.18 and a beta of 0.03. The business has a 50 day moving average price of $5.94 and a two-hundred day moving average price of $6.06.

Cricut (NASDAQ:CRCT) last released its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same period in the prior year, the business posted $0.08 earnings per share. On average, equities research analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group decreased their target price 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.

Hedge Funds Weigh In On Cricut

A number of hedge funds and other institutional investors have recently bought and sold shares of CRCT. Tenzing Global Management LLC boosted its position in Cricut by 4.9% during the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after purchasing an additional 100,000 shares during the period. Geode Capital Management LLC grew its stake in Cricut by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after buying an additional 9,940 shares during the last quarter. State Street Corp raised its holdings in Cricut by 3.2% in the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after acquiring an additional 31,584 shares during the period. AQR Capital Management LLC lifted its position in Cricut by 3.1% during the second quarter. AQR Capital Management LLC now owns 765,474 shares of the company’s stock worth $4,585,000 after acquiring an additional 23,345 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Cricut by 42.7% during the second quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after acquiring an additional 135,539 shares during the period. Institutional investors 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.