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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the 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 transaction, the chief executive officer now owns 3,780,840 shares in the company, valued at $22,458,189.60. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 transaction of $127,500.00.
• On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was 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 Price Performance

NASDAQ CRCT opened at $5.93 on Friday. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $8.40. The firm has a market capitalization of $1.27 billion, a PE ratio of 21.18 and a beta of 0.03. The company’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $6.06.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business 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 period in the previous year, the company posted $0.08 earnings per share. Sell-side analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, January 7th. This represents a yield of 3.4%. Cricut’s dividend payout ratio is currently 71.43%.

Wall Street Analyst Weigh In

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

Institutional Trading of Cricut

Hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Cricut by 366.6% in the third quarter. Barclays PLC now owns 76,440 shares of the company’s stock worth $529,000 after acquiring an additional 60,058 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $7,495,000 after purchasing an additional 9,940 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Cricut during the 3rd quarter worth approximately $168,000. Tenzing Global Management LLC raised its stake in Cricut by 4.9% during the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after purchasing an additional 100,000 shares during the period. Finally, State Street Corp lifted its holdings in shares of Cricut by 3.2% in the third quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after purchasing an additional 31,584 shares in the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.