Arora Ashish Sells 20,833 Shares of Cricut (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 20,833 shares of Cricut stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $4.94, for a total transaction of $102,915.02. Following the transaction, the chief executive officer owned 4,240,421 shares in the company, valued at approximately $20,947,679.74. This trade represents a 0.49% decrease in their position. 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 Monday, December 22nd, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $5.12, for a total value of $106,664.96.
• On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $5.09, for a total value of $106,039.97.
• On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total value of $105,831.18.
• On Wednesday, November 26th, Arora Ashish sold 20,372 shares of Cricut stock. The shares were sold at an average price of $4.79, for a total value of $97,581.88.
• On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The stock was sold at an average price of $4.82, for a total value of $161,764.02.
• On Monday, November 24th, Arora Ashish sold 10,628 shares of Cricut stock. The stock was sold at an average price of $4.77, for a total value of $50,695.56.
• On Friday, November 21st, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $4.83, for a total transaction of $289,800.00.
• On Friday, October 17th, Arora Ashish sold 17,204 shares of Cricut stock. The shares were sold at an average price of $5.27, for a total transaction of $90,665.08.
• On Thursday, October 16th, Arora Ashish sold 11,211 shares of Cricut stock. The stock was sold at an average price of $5.27, for a total transaction of $59,081.97.
• On Wednesday, October 15th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.47, for a total transaction of $116,237.50.

Cricut Stock Performance

Shares of NASDAQ CRCT opened at $4.99 on Wednesday. The company has a market cap of $1.06 billion, a P/E ratio of 13.13 and a beta of 0.18. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.33. The firm’s fifty day moving average is $4.97 and its two-hundred day moving average is $5.58.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Cricut had a return on equity of 19.91% and a net margin of 11.31%.The firm had revenue of $170.44 million during the quarter, compared to analyst estimates of $156.93 million. As a group, analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be issued a dividend of $0.10 per share. This represents a yield of 399.0%. The ex-dividend date is Tuesday, January 6th. Cricut’s dividend payout ratio (DPR) is currently 52.63%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRCT. Osaic Holdings Inc. increased its position in Cricut by 255.9% during the second quarter. Osaic Holdings Inc. now owns 3,644 shares of the company’s stock valued at $25,000 after acquiring an additional 2,620 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Cricut during the 3rd quarter valued at about $68,000. Olympiad Research LP purchased a new stake in Cricut in the 3rd quarter worth about $74,000. Vanguard Personalized Indexing Management LLC bought a new stake in Cricut in the second quarter worth about $80,000. Finally, Brevan Howard Capital Management LP bought a new stake in Cricut in the third quarter worth about $75,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRCT has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Cricut from a “buy” rating to a “hold” rating in a report on Saturday, November 29th. The Goldman Sachs Group cut shares of Cricut from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $5.50 to $4.75 in a research note on Thursday, October 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cricut in a research report on Monday. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Sell” and a consensus price target of $4.18.

About Cricut

Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.