Cricut (NASDAQ:CRCT) CEO Arora Ashish Sells 20,833 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 20,833 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $5.12, for a total value of $106,664.96. Following the completion of the sale, the chief executive officer owned 4,282,087 shares in the company, valued at approximately $21,924,285.44. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 24th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $4.94, for a total value of $102,915.02.
• On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $5.09, for a total value of $106,039.97.
• On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total value of $105,831.18.
• On Wednesday, November 26th, Arora Ashish sold 20,372 shares of Cricut stock. The stock was sold at an average price of $4.79, for a total transaction of $97,581.88.
• On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The shares were 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 shares were sold at an average price of $4.77, for a total transaction of $50,695.56.
• 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 transaction 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.

Cricut Stock Down 0.8%

NASDAQ CRCT opened at $5.00 on Monday. Cricut, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $7.33. The business has a fifty day moving average of $4.97 and a 200-day moving average of $5.60. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.16 and a beta of 0.18.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $156.93 million. As a group, analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

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

Hedge Funds Weigh In On Cricut

A number of large investors have recently modified their holdings of CRCT. Ascent Group LLC purchased a new position in shares of Cricut during the first quarter valued at approximately $218,000. Allspring Global Investments Holdings LLC purchased a new stake in Cricut in the 2nd quarter worth $369,000. Charles Schwab Investment Management Inc. raised its stake in Cricut by 22.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 136,475 shares of the company’s stock valued at $703,000 after purchasing an additional 25,330 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in shares of Cricut during the second quarter worth $80,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cricut during the second quarter valued at about $567,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRCT shares. Wall Street Zen downgraded Cricut from a “buy” rating to a “hold” rating in a research report on Saturday, November 29th. The Goldman Sachs Group downgraded shares of Cricut from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $5.50 to $4.75 in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cricut in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $4.18.

Cricut Company Profile

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.