Cricut, Inc. (NASDAQ:CRCT) CEO Sells $375,000.00 in Stock

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $6.25, for a total value of $375,000.00. Following the completion of the transaction, the chief executive officer owned 2,871,931 shares in the company, valued at approximately $17,949,568.75. This represents a 2.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 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 shares were 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 shares were 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 shares were 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 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 shares were sold at an average price of $6.19, for a total value of $371,400.00.

Cricut Trading Down 2.2%

CRCT traded down $0.13 during trading on Wednesday, hitting $5.89. 659,059 shares of the company's stock traded hands, compared to its average volume of 438,074. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 19.00 and a beta of 0.16. Cricut, Inc. has a 12-month low of $3.94 and a 12-month high of $7.33. The company's 50 day simple moving average is $6.28 and its two-hundred day simple moving average is $5.69.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, topping 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 company had revenue of $162.63 million for the quarter, compared to analysts' expectations of $158.55 million. On average, equities analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

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

Institutional Investors Weigh In On Cricut

Institutional investors and hedge funds have recently bought and sold shares of the business. MQS Management LLC bought a new stake in Cricut during the first quarter valued at about $59,000. Caisse Des Depots ET Consignations bought a new stake in shares of Cricut in the fourth quarter worth about $72,000. ProShare Advisors LLC bought a new stake in shares of Cricut in the fourth quarter worth about $75,000. Orion Portfolio Solutions LLC bought a new stake in shares of Cricut in the fourth quarter worth about $84,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Cricut in the fourth quarter worth about $89,000. 19.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.

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