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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $4.83, for a total value of $289,800.00. Following the sale, the chief executive officer owned 4,430,441 shares of the company’s stock, valued at approximately $21,399,030.03. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $4.77, for a total transaction of $50,695.56.
• 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 transaction 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 transaction 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 value of $123,462.50.
• On Thursday, September 25th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.42, for a total value 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.
• On Thursday, September 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.36, for a total value of $135,150.00.

Cricut Price Performance

NASDAQ:CRCT traded up $0.12 during trading hours on Tuesday, hitting $4.84. The company’s stock had a trading volume of 380,736 shares, compared to its average volume of 546,648. Cricut, Inc. has a twelve month low of $3.94 and a twelve month high of $7.33. The stock has a fifty day simple moving average of $5.47 and a 200-day simple moving average of $5.80. The company has a market capitalization of $1.02 billion, a P/E ratio of 12.74 and a beta of 0.17.

Cricut (NASDAQ:CRCT) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $170.44 million during the quarter, compared to analysts’ expectations of $156.93 million. Cricut had a net margin of 11.31% and a return on equity of 19.91%. On average, equities analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

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

Wall Street Analyst Weigh In

CRCT has been the subject of several research analyst reports. The Goldman Sachs Group downgraded shares of Cricut from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $5.50 to $4.75 in a report on Thursday, October 16th. Wall Street Zen raised Cricut from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cricut in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average price target of $4.18.

Hedge Funds Weigh In On Cricut

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

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.