Cricut (NASDAQ:CRCT) CEO Arora Ashish Sells 10,628 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 10,628 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $4.77, for a total transaction of $50,695.56. Following the completion of the transaction, the chief executive officer directly owned 4,419,813 shares in the company, valued at $21,082,508.01. The trade was a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Friday, November 21st, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $4.83, for a total value of $289,800.00.
• On Friday, October 17th, Arora Ashish sold 17,204 shares of Cricut stock. The stock was 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 shares were 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 stock was sold at an average price of $5.47, for a total value of $116,237.50.
• On Wednesday, October 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total value of $120,275.00.
• On Monday, October 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.81, for a total transaction of $123,462.50.
• On Thursday, September 25th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.42, for a total transaction 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 transaction 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 transaction of $135,150.00.

Cricut Stock Up 2.5%

Cricut stock opened at $4.84 on Wednesday. The firm has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $5.79. Cricut, Inc. has a twelve month low of $3.94 and a twelve month high of $7.33. The company has a market capitalization of $1.02 billion, a PE ratio of 12.74 and a beta of 0.17.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Cricut had a return on equity of 19.91% and a net margin of 11.31%.The firm had revenue of $170.44 million for the quarter, compared to the consensus estimate of $156.93 million. As a group, equities analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, January 6th. This represents a dividend yield of 399.0%. Cricut’s dividend payout ratio (DPR) is currently 52.63%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRCT. Bank of New York Mellon Corp boosted its stake in shares of Cricut by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 485,840 shares of the company’s stock valued at $2,502,000 after purchasing an additional 9,300 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Cricut by 94.2% in the first quarter. Allianz Asset Management GmbH now owns 40,000 shares of the company’s stock worth $206,000 after buying an additional 19,400 shares in the last quarter. XTX Topco Ltd lifted its holdings in Cricut by 6.3% in the first quarter. XTX Topco Ltd now owns 56,003 shares of the company’s stock worth $288,000 after buying an additional 3,326 shares during the period. R Squared Ltd boosted its position in Cricut by 208.9% during the 1st quarter. R Squared Ltd now owns 19,675 shares of the company’s stock valued at $101,000 after acquiring an additional 13,305 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cricut by 22.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 136,475 shares of the company’s stock worth $703,000 after acquiring an additional 25,330 shares during the period. 19.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRCT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cricut in a report on Wednesday, November 19th. Wall Street Zen raised shares of Cricut from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, The Goldman Sachs Group lowered shares of Cricut from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $5.50 to $4.75 in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Sell” and an average price target of $4.18.

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.