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

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $5.58, for a total value of $118,575.00. Following the completion of the transaction, the chief executive officer owned 3,036,561 shares of the company's stock, valued at approximately $16,944,010.38. The trade was a 0.69% decrease in their position. The sale 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, July 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.46, for a total value of $116,025.00.
• 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 stock was 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 shares were 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.

Cricut Stock Down 4.2%

Cricut stock traded down $0.23 during trading hours on Friday, hitting $5.21. The stock had a trading volume of 371,575 shares, compared to its average volume of 720,388. The company has a 50-day moving average of $6.17 and a two-hundred day moving average of $5.66. The company has a market cap of $1.10 billion, a PE ratio of 16.81 and a beta of 0.16. Cricut, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $7.33.

Cricut (NASDAQ:CRCT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $162.63 million during the quarter, compared to analysts' expectations of $158.55 million. Cricut had a return on equity of 14.27% and a net margin of 9.48%. As a group, analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Cuts Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Cricut

A number of hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Cricut in the 2nd quarter worth approximately $369,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Cricut in the 2nd quarter worth approximately $80,000. Simplicity Wealth LLC grew its position in Cricut by 43.6% during the 2nd quarter. Simplicity Wealth LLC now owns 37,310 shares of the company's stock worth $253,000 after acquiring an additional 11,333 shares during the last quarter. Copeland Capital Management LLC grew its position in Cricut by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 13,632 shares of the company's stock worth $92,000 after acquiring an additional 1,917 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Cricut by 191.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company's stock worth $267,000 after acquiring an additional 25,900 shares during the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

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.