Arora Ashish Sells 20,833 Shares of Cricut (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 20,833 shares of Cricut stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $5.12, for a total value of $106,664.96. Following the sale, the chief executive officer directly owned 4,282,087 shares in the company, valued at $21,924,285.44. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, December 24th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $4.94, for a total value of $102,915.02.
• On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $5.09, for a total transaction of $106,039.97.
• On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total transaction of $105,831.18.
• On Wednesday, November 26th, Arora Ashish sold 20,372 shares of Cricut stock. The shares were sold at an average price of $4.79, for a total transaction of $97,581.88.
• 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 transaction of $161,764.02.
• On Monday, November 24th, Arora Ashish sold 10,628 shares of Cricut stock. The stock was 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 stock was 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 shares were sold at an average price of $5.47, for a total value of $116,237.50.

Cricut Trading Down 0.6%

Shares of CRCT stock opened at $4.99 on Wednesday. Cricut, Inc. has a 1-year low of $3.94 and a 1-year high of $7.33. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.13 and a beta of 0.18. The stock has a 50-day moving average of $4.97 and a 200-day moving average of $5.58.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company 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%. Sell-side analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Dividend Announcement

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

Hedge Funds Weigh In On Cricut

Several institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its stake in shares of Cricut by 255.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,644 shares of the company’s stock valued at $25,000 after buying an additional 2,620 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Cricut in the third quarter worth approximately $68,000. Olympiad Research LP bought a new position in Cricut in the third quarter worth approximately $74,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Cricut in the third quarter valued at approximately $75,000. Finally, RFG Advisory LLC bought a new stake in shares of Cricut during the third quarter valued at approximately $75,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CRCT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Cricut in a report on Monday. The Goldman Sachs Group lowered Cricut from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $5.50 to $4.75 in a research report on Thursday, October 16th. Finally, Wall Street Zen lowered Cricut from a “buy” rating to a “hold” rating in a research report on Saturday, November 29th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Sell” and an average target price of $4.18.

About Cricut

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.