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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 54,839 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $5.29, for a total transaction of $290,098.31. Following the completion of the sale, 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 is accessible through the SEC website.

Cricut Price Performance

Shares of CRCT stock opened at $5.19 on Friday. The stock’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.14. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 18.54 and a beta of 0.13.

Cricut (NASDAQ:CRCT) last issued its 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 firm had revenue of $167.89 million during the quarter, compared to analyst estimates 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 posted $0.08 EPS. On average, research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Announces Dividend

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased 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 Inflows and Outflows

A number of institutional investors have recently modified their holdings of CRCT. 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 purchasing an additional 5,835 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Cricut by 9,096.7% in the first quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock valued at $65,000 after buying an additional 13,645 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of Cricut in the third quarter valued at about $70,000. Arizona State Retirement System lifted its position in Cricut by 20.8% during the 2nd 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 in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Cricut during the 3rd quarter worth about $93,000. Institutional investors own 19.60% of the company’s stock.

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.