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Cricut, Inc. (NASDAQ:CRCT) CEO Sells $379,800.00 in Stock

Cricut logo with Business Services background

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $6.33, for a total value of $379,800.00. Following the sale, the chief executive officer now directly owns 3,111,931 shares in the company, valued at approximately $19,698,523.23. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, June 2nd, 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.
  • 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 shares were 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 stock was sold at an average price of $6.22, for a total value of $373,200.00.
  • On Monday, May 12th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.19, for a total transaction of $371,400.00.
  • On Thursday, March 27th, Arora Ashish sold 5,283 shares of Cricut stock. The shares were sold at an average price of $5.25, for a total transaction of $27,735.75.
  • On Tuesday, March 25th, Arora Ashish sold 710 shares of Cricut stock. The shares were sold at an average price of $5.25, for a total value of $3,727.50.
  • On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The stock was sold at an average price of $5.37, for a total value of $189,040.11.
  • On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The shares were sold at an average price of $5.40, for a total transaction of $128,590.20.

Cricut Stock Up 0.3%

CRCT traded up $0.02 during trading on Friday, hitting $6.50. The company's stock had a trading volume of 235,745 shares, compared to its average volume of 441,312. The business's 50 day simple moving average is $5.38 and its 200-day simple moving average is $5.53. The firm has a market cap of $1.38 billion, a PE ratio of 23.34 and a beta of 0.12. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.17.

Cricut (NASDAQ:CRCT - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $162.63 million for the quarter, compared to the consensus estimate of $158.55 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. Equities research analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on CRCT. Citigroup restated a "sell" rating and issued a $4.00 target price (down previously from $6.00) on shares of Cricut in a report on Monday, April 14th. Morgan Stanley cut their price objective on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a report on Thursday, March 6th.

Get Our Latest Stock Report on Cricut

Hedge Funds Weigh In On Cricut

Several large investors have recently added to or reduced their stakes in CRCT. R Squared Ltd purchased a new position in Cricut in the 4th quarter worth approximately $36,000. MQS Management LLC bought a new position in shares of Cricut during the 1st quarter valued at approximately $59,000. Olympiad Research LP purchased a new position in shares of Cricut in the fourth quarter valued at $67,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Cricut during the 4th quarter valued at about $72,000. Finally, ProShare Advisors LLC purchased a new stake in Cricut during the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 19.60% of the company's stock.

About Cricut

(Get Free Report)

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.

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