Arora Ashish Sells 21,250 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $5.86, for a total transaction of $124,525.00. Following the completion of the transaction, the chief executive officer now directly owns 3,694,127 shares of the company’s stock, valued at approximately $21,647,584.22. The trade was a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.75, for a total transaction of $122,187.50.
• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.63, for a total transaction of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total transaction of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 stock was 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 transaction 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 transaction of $290,098.31.

Cricut Stock Performance

NASDAQ:CRCT opened at $5.79 on Friday. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 20.68 and a beta of -0.01. The firm’s fifty day moving average is $5.69 and its two-hundred day moving average is $5.98.

Cricut (NASDAQ:CRCT) last posted its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, equities research analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Cricut Announces Dividend

The company also recently declared a None dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s dividend payout ratio is currently 71.43%.

Institutional Trading of Cricut

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in shares of Cricut during the 4th quarter worth approximately $63,000. R Squared Ltd purchased a new position in Cricut in the 4th quarter valued at approximately $36,000. Drive Wealth Management LLC purchased a new position in Cricut in the 4th quarter valued at approximately $64,000. Exchange Traded Concepts LLC boosted its position in Cricut by 4.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company’s stock valued at $280,000 after buying an additional 2,272 shares during the period. Finally, SG Americas Securities LLC boosted its position in Cricut by 26.3% in the 4th quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $123,000 after buying an additional 4,484 shares during the period. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analyst Ratings Changes

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

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.