Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $6.25, for a total value of $375,000.00. Following the transaction, the chief executive officer directly owned 2,871,931 shares in the company, valued at $17,949,568.75. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Arora Ashish also recently made the following trade(s):
- On Wednesday, July 9th, Arora Ashish sold 53,489 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value of $317,724.66.
- 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 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 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 value of $371,400.00.
Cricut Stock Performance
Shares of NASDAQ CRCT traded down $0.33 during trading on Friday, reaching $5.30. The stock had a trading volume of 479,818 shares, compared to its average volume of 438,254. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.33. The stock has a market cap of $1.12 billion, a PE ratio of 17.10 and a beta of 0.16. The firm's 50 day moving average price is $6.30 and its two-hundred day moving average price is $5.69.
Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Cricut had a return on equity of 14.27% and a net margin of 9.48%. The business had revenue of $162.63 million during the quarter, compared to the consensus estimate of $158.55 million. On average, research analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.
Cricut Cuts Dividend
The company also recently declared a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be issued a $0.10 dividend. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 3.3%. Cricut's dividend payout ratio (DPR) is 64.52%.
Wall Street Analyst Weigh In
Separately, Citigroup restated a "sell" rating and set a $4.00 price objective (down from $6.00) on shares of Cricut in a report on Monday, April 14th.
View Our Latest Stock Report on CRCT
Institutional Investors Weigh In On Cricut
A number of institutional investors have recently made changes to their positions in CRCT. MQS Management LLC bought a new stake in shares of Cricut in the 1st quarter valued at approximately $59,000. Caisse Des Depots ET Consignations bought a new stake in shares of Cricut in the 4th quarter valued at approximately $72,000. ProShare Advisors LLC bought a new stake in shares of Cricut in the 4th quarter valued at approximately $75,000. Orion Portfolio Solutions LLC bought a new stake in shares of Cricut in the 4th quarter valued at approximately $84,000. Finally, Public Employees Retirement System of Ohio bought a new position in Cricut during the 4th quarter worth $89,000. 19.60% of the stock is currently owned by institutional investors.
Cricut Company Profile
(
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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