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

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 21,250 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $5.46, for a total value of $116,025.00. Following the sale, the chief executive officer directly owned 2,737,192 shares in the company, valued at $14,945,068.32. The trade was a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, July 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.58, for a total value of $118,575.00.
• On Wednesday, July 9th, Arora Ashish sold 53,489 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total value of $317,724.66.
• On Monday, July 7th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.25, for a total value of $375,000.00.
• On Wednesday, June 18th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.57, for a total value of $394,200.00.
• On Monday, June 16th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.50, for a total value of $390,000.00.
• On Wednesday, June 4th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.33, for a total value of $379,800.00.
• On Monday, June 2nd, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.22, for a total value of $373,200.00.
• On Friday, May 23rd, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value of $356,400.00.
• On Wednesday, May 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.18, for a total value of $370,800.00.
• On Wednesday, May 14th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.22, for a total transaction of $373,200.00.

Cricut Stock Down 4.2%

Shares of NASDAQ CRCT traded down $0.23 during midday trading on Friday, reaching $5.21. 371,575 shares of the company were exchanged, compared to its average volume of 720,388. The stock's 50-day moving average price is $6.17 and its 200-day moving average price is $5.66. The stock has a market cap of $1.10 billion, a P/E ratio of 16.81 and a beta of 0.16. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.33.

Cricut (NASDAQ:CRCT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $162.63 million for the quarter, compared to analysts' expectations of $158.55 million. Cricut had a net margin of 9.48% and a return on equity of 14.27%. On average, equities research analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, July 7th. This represents a dividend yield of 3.3%. Cricut's payout ratio is presently 64.52%.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a "sell" rating and issued a $4.00 price target (down from $6.00) on shares of Cricut in a research report on Monday, April 14th.

Institutional Trading of Cricut

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Cricut during the second quarter worth $369,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Cricut in the second quarter valued at $80,000. Simplicity Wealth LLC increased its holdings in Cricut by 43.6% in the second quarter. Simplicity Wealth LLC now owns 37,310 shares of the company's stock valued at $253,000 after purchasing an additional 11,333 shares during the period. Copeland Capital Management LLC increased its holdings in Cricut by 16.4% in the second quarter. Copeland Capital Management LLC now owns 13,632 shares of the company's stock valued at $92,000 after purchasing an additional 1,917 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Cricut by 191.1% in the second quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company's stock valued at $267,000 after purchasing an additional 25,900 shares during the period. Institutional investors own 19.60% of the company's stock.

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.