Insider Selling: Cricut (NASDAQ:CRCT) CEO Sells 20,833 Shares of Stock
by Amy Steele · The Cerbat GemCricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 20,833 shares of Cricut stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $5.09, for a total value of $106,039.97. Following the completion of the transaction, the chief executive officer owned 4,323,753 shares of the company’s stock, valued at $22,007,902.77. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Arora Ashish also recently made the following trade(s):
- On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The shares were 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 transaction of $97,581.88.
- On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The shares were sold at an average price of $4.82, for a total transaction 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 value 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 value of $90,665.08.
- On Thursday, October 16th, Arora Ashish sold 11,211 shares of Cricut stock. The shares were 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 stock was sold at an average price of $5.47, for a total transaction of $116,237.50.
- On Wednesday, October 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.66, for a total transaction of $120,275.00.
- On Monday, October 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.81, for a total value of $123,462.50.
Cricut Stock Up 1.8%
CRCT traded up $0.09 on Wednesday, hitting $5.18. 595,033 shares of the company traded hands, compared to its average volume of 542,433. Cricut, Inc. has a 12-month low of $3.94 and a 12-month high of $7.33. The company has a 50 day moving average of $5.10 and a 200-day moving average of $5.70. The stock has a market capitalization of $1.10 billion, a PE ratio of 13.63 and a beta of 0.18.
Cricut (NASDAQ:CRCT – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Cricut had a return on equity of 19.91% and a net margin of 11.31%.The business had revenue of $170.44 million during the quarter, compared to analysts’ expectations of $156.93 million. On average, research analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.
Cricut Announces Dividend
The company also recently declared a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a dividend of $0.10 per share. This represents a dividend yield of 399.0%. The ex-dividend date is Tuesday, January 6th. Cricut’s payout ratio is 52.63%.
Institutional Investors Weigh In On Cricut
A number of large investors have recently bought and sold shares of CRCT. Osaic Holdings Inc. boosted its stake in shares of 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 acquired a new position in Cricut in the 3rd quarter valued at about $68,000. Olympiad Research LP purchased a new position in Cricut in the 3rd quarter valued at about $74,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Cricut during the third quarter worth about $75,000. Finally, RFG Advisory LLC acquired a new position in shares of Cricut in the third quarter valued at approximately $75,000. Institutional investors and hedge funds own 19.60% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Wall Street Zen cut Cricut from a “buy” rating to a “hold” rating in a research report on Saturday, November 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cricut in a research report on Monday. Finally, The Goldman Sachs Group lowered shares of Cricut from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $5.50 to $4.75 in a research report on Thursday, October 16th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cricut presently has a consensus rating of “Strong Sell” and an average price target of $4.18.
Get Our Latest Stock Analysis on CRCT
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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