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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 20,833 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $4.97, for a total value of $103,540.01. Following the completion of the sale, the chief executive officer owned 4,219,588 shares of the company’s stock, valued at $20,971,352.36. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, January 7th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $4.93, for a total value of $102,706.69.
• On Wednesday, December 24th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $4.94, for a total transaction of $102,915.02.
• On Monday, December 22nd, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $5.12, for a total transaction of $106,664.96.
• On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $5.09, for a total transaction of $106,039.97.
• On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The shares were sold at an average price of $4.97, for a total transaction 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 value 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 value 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 value of $289,800.00.
• 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 value of $90,665.08.

Cricut Stock Performance

Shares of NASDAQ CRCT traded up $0.05 during mid-day trading on Wednesday, reaching $4.91. The company had a trading volume of 614,480 shares, compared to its average volume of 533,295. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.33. The business’s 50-day simple moving average is $4.94 and its 200 day simple moving average is $5.52. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.92 and a beta of 0.17.

Cricut (NASDAQ:CRCT) last released its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Cricut had a net margin of 11.31% and a return on equity of 19.91%. The firm had revenue of $170.44 million for the quarter, compared to analyst estimates of $156.93 million. On average, sell-side analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, January 6th. This represents a yield of 412.0%. Cricut’s dividend payout ratio is presently 52.63%.

Hedge Funds Weigh In On Cricut

Several institutional investors have recently added to or reduced their stakes in CRCT. Algert Global LLC grew its position in shares of Cricut by 354.9% during the 3rd quarter. Algert Global LLC now owns 615,697 shares of the company’s stock worth $3,873,000 after buying an additional 480,364 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Cricut by 51.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,379,155 shares of the company’s stock valued at $8,675,000 after acquiring an additional 467,934 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Cricut by 76.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 906,141 shares of the company’s stock worth $5,700,000 after acquiring an additional 392,951 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Cricut by 824.0% in the third quarter. Tudor Investment Corp ET AL now owns 358,213 shares of the company’s stock worth $2,253,000 after purchasing an additional 319,447 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in Cricut in the third quarter valued at $1,570,000. 19.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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