Cricut, Inc. (NASDAQ:CRCT) CEO Sells $390,000.00 in Stock

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $6.50, for a total value of $390,000.00. Following the completion of the transaction, the chief executive officer now owns 3,051,931 shares of the company's stock, valued at approximately $19,837,551.50. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $394,200.00.
• 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 transaction 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 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 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 shares were 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 stock was 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 stock was sold at an average price of $5.25, for a total value of $3,727.50.

Cricut Trading Up 0.8%

NASDAQ:CRCT traded up $0.05 during trading hours on Wednesday, hitting $6.60. The company had a trading volume of 350,392 shares, compared to its average volume of 436,905. The company has a 50-day moving average of $5.63 and a 200 day moving average of $5.61. Cricut, Inc. has a 1 year low of $3.94 and a 1 year high of $7.02. The company has a market cap of $1.40 billion, a P/E ratio of 21.29 and a beta of 0.12.

Cricut (NASDAQ:CRCT - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $158.55 million. Cricut had a net margin of 9.48% and a return on equity of 14.27%. On average, analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current year.

Cricut Cuts Dividend

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

Analyst Upgrades and Downgrades

CRCT has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Cricut from $3.90 to $3.80 and set an "underweight" rating on the stock in a research report on Thursday, March 6th. Citigroup reissued a "sell" rating and issued a $4.00 price target (down from $6.00) on shares of Cricut in a research note on Monday, April 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MQS Management LLC purchased a new position in Cricut in the first quarter worth approximately $59,000. Olympiad Research LP purchased a new position in shares of Cricut in the 4th quarter valued at about $67,000. Caisse Des Depots ET Consignations purchased a new position in shares of Cricut in the 4th quarter valued at about $72,000. ProShare Advisors LLC acquired a new stake in shares of Cricut during the 4th quarter worth about $75,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Cricut during the fourth quarter worth approximately $84,000. Institutional investors and hedge funds own 19.60% of the company's stock.

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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