Cricut (NASDAQ:CRCT) CEO Arora Ashish Sells 20,372 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 20,372 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $4.79, for a total value of $97,581.88. Following the completion of the transaction, the chief executive officer owned 4,365,880 shares of the company’s stock, valued at $20,912,565.20. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The stock was sold at an average price of $4.82, for a total transaction of $161,764.02.
• On Monday, November 24th, Arora Ashish sold 10,628 shares of Cricut stock. The shares were sold at an average price of $4.77, for a total transaction of $50,695.56.
• On Friday, November 21st, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $4.83, for a total transaction of $289,800.00.
• On Friday, October 17th, Arora Ashish sold 17,204 shares of Cricut stock. The shares were 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 transaction 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 stock was 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 value of $143,862.50.

Cricut Stock Performance

NASDAQ CRCT opened at $4.74 on Monday. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.33. The company has a 50-day simple moving average of $5.31 and a 200 day simple moving average of $5.76. The company has a market capitalization of $1.00 billion, a PE ratio of 12.47 and a beta of 0.18.

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

Cricut Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRCT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cricut in a research report on Tuesday, November 25th. Wall Street Zen cut Cricut from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group cut shares of Cricut from a “neutral” rating to a “sell” rating and cut their target price for the stock from $5.50 to $4.75 in a report on Thursday, October 16th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell” and a consensus target price of $4.18.

Hedge Funds Weigh In On Cricut

Several institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC grew its position in Cricut by 16.4% during the second quarter. Copeland Capital Management LLC now owns 13,632 shares of the company’s stock valued at $92,000 after buying an additional 1,917 shares during the period. First Trust Advisors LP increased its position in Cricut by 1.3% in the second quarter. First Trust Advisors LP now owns 154,368 shares of the company’s stock worth $1,045,000 after buying an additional 1,977 shares in the last quarter. Royce & Associates LP lifted its position in shares of Cricut by 8.2% in the third quarter. Royce & Associates LP now owns 28,583 shares of the company’s stock valued at $180,000 after acquiring an additional 2,176 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Cricut by 255.9% in the second quarter. Osaic Holdings Inc. now owns 3,644 shares of the company’s stock worth $25,000 after acquiring an additional 2,620 shares during the period. Finally, XTX Topco Ltd grew its position in shares of Cricut by 6.3% during the first quarter. XTX Topco Ltd now owns 56,003 shares of the company’s stock worth $288,000 after purchasing an additional 3,326 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.