Cricut, Inc. (NASDAQ:CRCT) CEO Sells $126,225.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00. Following the sale, the chief executive officer now owns 3,780,840 shares in the company, valued at approximately $22,458,189.60. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.00, for a total transaction 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 value 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 Stock Performance

Shares of NASDAQ:CRCT opened at $5.93 on Monday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.18 and a beta of 0.03. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The company has a 50 day moving average price of $5.94 and a 200 day moving average price of $6.06.

Cricut (NASDAQ:CRCT) last issued its 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 return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

The company also recently announced a None dividend, which will be paid on Tuesday, January 21st. Shareholders 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 payout ratio is 71.43%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of Cricut by 252,185.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after acquiring an additional 17,653 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Cricut by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 215,099 shares of the company’s stock valued at $1,288,000 after purchasing an additional 18,939 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Cricut by 9.8% in the second quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock valued at $203,000 after purchasing an additional 3,034 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Cricut by 5.8% in the second quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after buying an additional 3,397 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after buying an additional 2,103 shares in the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.