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

by · The Markets Daily

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $6.00, for a total transaction of $127,500.00. Following the completion of the transaction, the chief executive officer now directly owns 3,844,590 shares of the company’s stock, valued at approximately $23,067,540. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Up 1.3 %

Shares of CRCT stock traded up $0.08 during trading hours on Wednesday, hitting $6.03. 852,457 shares of the company’s stock traded hands, compared to its average volume of 672,565. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 21.25 and a beta of 0.03. The stock’s fifty day simple moving average is $5.99 and its two-hundred day simple moving average is $6.07. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40.

Cricut (NASDAQ:CRCT – Get Free Report) last released 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). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same period last year, the firm posted $0.08 earnings per share. On average, equities analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.50 per share. 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%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Cricut by 366.6% during the third quarter. Barclays PLC now owns 76,440 shares of the company’s stock valued at $529,000 after buying an additional 60,058 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 9,940 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Cricut during the 3rd quarter valued at $168,000. Tenzing Global Management LLC boosted 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 last quarter. Finally, State Street Corp increased its holdings in shares of 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 in the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on CRCT

About Cricut

(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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