Cricut, Inc. (NASDAQ:CRCT) CEO Sells $394,200.00 in Stock

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $6.57, for a total value of $394,200.00. Following the completion of the sale, the chief executive officer now owns 2,931,931 shares of the company's stock, valued at $19,262,786.67. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 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 transaction 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 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 transaction of $371,400.00.
• On Thursday, March 27th, Arora Ashish sold 5,283 shares of Cricut stock. The shares were 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 transaction of $3,727.50.

Cricut Stock Up 0.8%

Cricut stock traded up $0.05 during midday trading on Wednesday, reaching $6.60. The stock had a trading volume of 350,392 shares, compared to its average volume of 436,905. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.02. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 21.29 and a beta of 0.12. The company has a fifty day moving average of $5.63 and a 200 day moving average of $5.61.

Cricut (NASDAQ:CRCT - Get Free Report) last issued 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. The business 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%. Equities research analysts predict that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders 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 of this dividend is Monday, July 7th. Cricut's dividend payout ratio (DPR) is presently 64.52%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup reissued a "sell" rating and set a $4.00 price objective (down previously from $6.00) on shares of Cricut in a report on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a report on Thursday, March 6th.

Hedge Funds Weigh In On Cricut

Several institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in Cricut by 16.4% during the first quarter. American Century Companies Inc. now owns 1,385,320 shares of the company's stock valued at $7,134,000 after buying an additional 195,301 shares during the period. Geode Capital Management LLC increased its holdings in Cricut by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,095,510 shares of the company's stock valued at $6,246,000 after buying an additional 14,191 shares during the period. Renaissance Technologies LLC increased its holdings in Cricut by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 608,543 shares of the company's stock valued at $3,469,000 after buying an additional 55,011 shares during the period. Bank of New York Mellon Corp increased its holdings in Cricut by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 485,840 shares of the company's stock valued at $2,502,000 after buying an additional 9,300 shares during the period. Finally, Northern Trust Corp increased its holdings in Cricut by 10.9% during the fourth quarter. Northern Trust Corp now owns 451,772 shares of the company's stock valued at $2,575,000 after buying an additional 44,260 shares during the period. 19.60% of the stock is owned by hedge funds and other institutional investors.

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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