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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $5.63, for a total transaction of $119,637.50. Following the completion of the transaction, the chief executive officer now directly owns 3,717,090 shares in the company, valued at approximately $20,927,216.70. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value 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 value of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 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 stock was 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 Price Performance

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

Cricut (NASDAQ:CRCT) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

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 issued a $0.50 dividend. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s dividend payout ratio is currently 71.43%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after acquiring an additional 138,385 shares during the last quarter. American Century Companies Inc. raised its holdings in Cricut by 42.7% during the 2nd quarter. American Century Companies Inc. now owns 453,014 shares of the company’s stock worth $2,714,000 after purchasing an additional 135,539 shares during the last quarter. Tenzing Global Management LLC lifted its position 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. Algert Global LLC bought a new position in shares of Cricut in the 2nd quarter valued at about $558,000. Finally, Martingale Asset Management L P raised its stake in shares of 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 buying an additional 90,757 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analysts Set New Price Targets

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

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.