Cricut, Inc. (NASDAQ:CRCT) CEO Sells $127,500.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $6.00, for a total transaction of $127,500.00. Following the completion of the transaction, the chief executive officer now owns 3,844,590 shares in the company, valued at approximately $23,067,540. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction 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 Up 0.3 %

Shares of NASDAQ CRCT opened at $5.97 on Friday. 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 of $5.97 and a two-hundred day moving average of $6.06. The company has a market cap of $1.28 billion, a PE ratio of 21.32 and a beta of 0.03.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $165.35 million. During the same quarter last year, the firm earned $0.08 EPS. As a group, equities research analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Announces Dividend

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reduced their price objective 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 Trading of Cricut

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRCT. Arizona State Retirement System lifted its position in Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after purchasing an additional 2,103 shares during the period. CWM LLC lifted its holdings in Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after buying an additional 2,322 shares during the period. Principal Financial Group Inc. boosted its stake in 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 acquiring an additional 3,034 shares during the last quarter. Rhumbline Advisers grew its holdings in Cricut by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after acquiring an additional 3,397 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cricut by 6.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock valued at $607,000 after acquiring an additional 5,613 shares during the last quarter. 19.60% of the stock is currently 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.