Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells $119,637.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $5.63, for a total value of $119,637.50. Following the sale, the chief executive officer now owns 3,717,090 shares in the company, valued at $20,927,216.70. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 transaction 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 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 shares were 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 stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 1.1 %

CRCT stock opened at $5.56 on Friday. The firm’s 50-day moving average is $5.68 and its two-hundred day moving average is $5.97. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.86 and a beta of -0.01. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40.

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

Cricut Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s dividend payout ratio (DPR) is 71.43%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Cricut

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Burns Matteson Capital Management LLC bought a new position in shares of Cricut during the 3rd quarter valued at about $70,000. CWM LLC boosted its holdings in Cricut by 23.9% during the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after buying an additional 2,322 shares in the last quarter. Arizona State Retirement System grew its position in Cricut by 20.8% in the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after buying an additional 2,103 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Cricut in the third quarter valued at $93,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Cricut during the 3rd quarter valued at $118,000. 19.60% of the stock is currently owned by 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.