Cricut, Inc. (NASDAQ:CRCT) CEO Sells $134,087.50 in Stock

by · The Markets Daily

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $6.31, for a total value of $134,087.50. Following the completion of the transaction, the chief executive officer now owns 3,823,340 shares of the company’s stock, valued at approximately $24,125,275.40. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00.
  • On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 transaction of $352,200.00.
  • On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Down 2.0 %

Shares of 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 price-to-earnings ratio of 21.18 and a beta of 0.03. The stock’s 50-day moving average price is $5.94 and its 200 day moving average price is $6.06.

Cricut (NASDAQ:CRCT – Get Free Report) last issued 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 business had revenue of $167.89 million for 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 last year, the firm posted $0.08 earnings per share. Equities research analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Announces Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given 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 (DPR) is presently 71.43%.

Institutional Investors Weigh In On Cricut

Large investors have recently bought and sold shares of the business. Arizona State Retirement System increased its position in Cricut by 20.8% in the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after acquiring an additional 2,103 shares in the last quarter. CWM LLC increased its holdings in shares of Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after purchasing an additional 2,322 shares in the last quarter. Principal Financial Group Inc. raised its position in Cricut by 9.8% in the 2nd quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock worth $203,000 after purchasing an additional 3,034 shares during the last quarter. Rhumbline Advisers raised its position in Cricut by 5.8% in the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after purchasing an additional 3,397 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cricut by 6.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock valued at $607,000 after buying an additional 5,613 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Cricut

Cricut Company Profile

(Get Free Report)

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.

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