Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 60,000 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $6.19, for a total transaction of $371,400.00. Following the completion of the transaction, the chief executive officer now directly owns 3,999,329 shares in the company, valued at $24,755,846.51. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, May 14th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.22, for a total transaction of $373,200.00.
• On Thursday, March 27th, Arora Ashish sold 5,283 shares of Cricut stock. The shares were sold at an average price of $5.25, for a total transaction of $27,735.75.
• On Tuesday, March 25th, Arora Ashish sold 710 shares of Cricut stock. The stock was sold at an average price of $5.25, for a total value of $3,727.50.
• On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The shares were sold at an average price of $5.37, for a total value of $189,040.11.
• On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The stock was sold at an average price of $5.40, for a total value of $128,590.20.
• On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.59, for a total value of $335,400.00.
• On Friday, February 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total transaction of $356,400.00.

Cricut Price Performance

NASDAQ CRCT opened at $6.22 on Thursday. The business’s fifty day moving average is $5.11 and its 200-day moving average is $5.51. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.21 and a beta of 0.01. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.48.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $162.63 million for the quarter, compared to analyst estimates of $158.55 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. Research analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a dividend yield of 3.3%. Cricut’s dividend payout ratio (DPR) is presently 64.52%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Cricut from $3.90 to $3.80 and set an “underweight” rating on the stock in a research report on Thursday, March 6th. Citigroup reissued a “sell” rating and set a $4.00 target price (down previously from $6.00) on shares of Cricut in a research report on Monday, April 14th.

Hedge Funds Weigh In On Cricut

Several institutional investors have recently bought and sold shares of CRCT. R Squared Ltd bought a new stake in shares of Cricut in the fourth quarter valued at $36,000. Copeland Capital Management LLC purchased a new stake in Cricut in the 4th quarter worth about $63,000. Drive Wealth Management LLC purchased a new stake in Cricut in the 4th quarter worth about $64,000. MQS Management LLC bought a new stake in Cricut in the 1st quarter valued at about $59,000. Finally, Olympiad Research LP purchased a new stake in Cricut during the fourth quarter valued at about $67,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.