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 firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $5.63, for a total value of $119,637.50. Following the transaction, the chief executive officer now owns 3,717,090 shares in the company, valued at approximately $20,927,216.70. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total transaction of $126,012.50.
• 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 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 Stock Performance

Shares of CRCT stock opened at $5.62 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.07 and a beta of -0.01. The company has a 50-day simple moving average of $5.70 and a 200 day simple moving average of $5.98. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company 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 last year, the firm earned $0.08 EPS. Sell-side analysts forecast that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The firm also recently announced 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. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, January 7th. Cricut’s dividend payout ratio is presently 71.43%.

Analyst Ratings Changes

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 note on Wednesday, November 6th.

Hedge Funds Weigh In On Cricut

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRCT. JPMorgan Chase & Co. boosted its stake in shares of Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after purchasing an additional 138,385 shares in the last quarter. American Century Companies Inc. raised its stake in 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 buying an additional 135,539 shares during the last quarter. Tenzing Global Management LLC lifted its stake in shares of Cricut by 4.9% in 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. Algert Global LLC acquired a new position in Cricut in the second quarter valued at approximately $558,000. Finally, Martingale Asset Management L P boosted its stake in Cricut by 258.6% during the third quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after acquiring an additional 90,757 shares in the last quarter. 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.