Cricut (NASDAQ:CRCT) CEO Sells $50,695.56 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 10,628 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $4.77, for a total transaction of $50,695.56. Following the completion of the sale, the chief executive officer owned 4,419,813 shares of the company’s stock, valued at approximately $21,082,508.01. The trade was a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The shares were sold at an average price of $4.82, for a total value of $161,764.02.
• On Friday, November 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $4.83, for a total value of $289,800.00.
• On Friday, October 17th, Arora Ashish sold 17,204 shares of Cricut stock. The stock was sold at an average price of $5.27, for a total value of $90,665.08.
• On Thursday, October 16th, Arora Ashish sold 11,211 shares of Cricut stock. The stock was sold at an average price of $5.27, for a total value of $59,081.97.
• On Wednesday, October 15th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.47, for a total value of $116,237.50.
• On Wednesday, October 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.66, for a total transaction of $120,275.00.
• On Monday, October 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.81, for a total transaction of $123,462.50.
• On Thursday, September 25th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.42, for a total transaction of $136,425.00.
• On Tuesday, September 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.77, for a total transaction of $143,862.50.
• On Thursday, September 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.36, for a total transaction of $135,150.00.

Cricut Price Performance

CRCT traded up $0.12 during trading hours on Tuesday, reaching $4.84. The company’s stock had a trading volume of 380,736 shares, compared to its average volume of 546,648. The stock has a market cap of $1.02 billion, a PE ratio of 12.74 and a beta of 0.17. Cricut, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $7.33. The business’s 50-day moving average is $5.47 and its 200-day moving average is $5.80.

Cricut (NASDAQ:CRCT) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Cricut had a return on equity of 19.91% and a net margin of 11.31%.The company had revenue of $170.44 million for the quarter, compared to the consensus estimate of $156.93 million. Analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a yield of 399.0%. Cricut’s dividend payout ratio is presently 52.63%.

Institutional Investors Weigh In On Cricut

Several large investors have recently added to or reduced their stakes in CRCT. Jacobs Levy Equity Management Inc. boosted its position in Cricut by 76.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 906,141 shares of the company’s stock valued at $5,700,000 after buying an additional 392,951 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Cricut in the third quarter valued at $101,000. Prelude Capital Management LLC boosted its holdings in Cricut by 127.9% in the third quarter. Prelude Capital Management LLC now owns 52,427 shares of the company’s stock valued at $330,000 after purchasing an additional 29,427 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Cricut by 87.8% in the third quarter. Public Employees Retirement System of Ohio now owns 74,114 shares of the company’s stock valued at $466,000 after purchasing an additional 34,660 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Cricut during the 3rd quarter worth $172,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CRCT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cricut in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Cricut from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, The Goldman Sachs Group cut Cricut from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $5.50 to $4.75 in a research note on Thursday, October 16th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Cricut has a consensus rating of “Strong Sell” and an average price target of $4.18.

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.