Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.22, for a total value of $373,200.00. Following the sale, the chief executive officer now directly owns 3,231,931 shares of the company's stock, valued at $20,102,610.82. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Arora Ashish also recently made the following trade(s):
- 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 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 transaction 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 transaction 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 transaction of $373,200.00.
- On Monday, May 12th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.19, for a total value of $371,400.00.
- On Thursday, March 27th, Arora Ashish sold 5,283 shares of Cricut stock. The stock was 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 Performance
Shares of NASDAQ CRCT traded up $0.02 during mid-day trading on Friday, hitting $6.50. The stock had a trading volume of 235,745 shares, compared to its average volume of 441,312. The company has a 50 day moving average of $5.38 and a two-hundred day moving average of $5.53. Cricut, Inc. has a twelve month low of $3.94 and a twelve month high of $7.17. The firm has a market cap of $1.38 billion, a PE ratio of 23.34 and a beta of 0.12.
Cricut (NASDAQ:CRCT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 12.36% and a net margin of 8.47%. Equities research analysts predict that Cricut, Inc. will post 0.28 EPS for the current fiscal year.
Cricut Cuts Dividend
The firm also recently disclosed 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%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Morgan Stanley reduced their price target on Cricut from $3.90 to $3.80 and set an "underweight" rating on the stock in a research report on Thursday, March 6th. Citigroup restated a "sell" rating and set a $4.00 price target (down previously from $6.00) on shares of Cricut in a research note on Monday, April 14th.
Check Out Our Latest Stock Analysis on CRCT
Institutional Trading of Cricut
Several large investors have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Cricut in the fourth quarter valued at $36,000. MQS Management LLC purchased a new position in shares of Cricut during the 1st quarter valued at about $59,000. Olympiad Research LP acquired a new position in shares of Cricut in the 4th quarter valued at about $67,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Cricut in the fourth quarter worth about $72,000. Finally, ProShare Advisors LLC acquired a new stake in Cricut during the fourth quarter worth about $75,000. 19.60% of the stock is owned by hedge funds and other institutional investors.
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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