Key Points
- CEO Arora Ashish sold 21,294 shares on Dec. 8 at an average price of $4.97 (proceeds ~$105,831) and has been a frequent seller in Oct–Dec, trimming his position by 0.49% while still holding 4,344,586 shares (~$21.6M).
- Cricut recently beat quarterly estimates (EPS $0.10 vs. $0.05; revenue $170.44M vs. $156.93M) but the stock trades around $5.21 with a $1.10B market cap and a 12‑month range of $3.94–$7.33.
- Wall Street sentiment is weak—consensus rated Strong Sell with an average target of $4.18—and the company announced a $0.10 per‑share dividend payable Jan. 20 (record Jan. 6).
Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 21,294 shares of the company's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $4.97, for a total transaction of $105,831.18. Following the completion of the sale, the chief executive officer owned 4,344,586 shares of the company's stock, valued at approximately $21,592,592.42. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Arora Ashish also recently made the following trade(s):
- On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $5.09, for a total value of $106,039.97.
- 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 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 stock was sold at an average price of $5.27, for a total value 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 stock was sold at an average price of $5.81, for a total transaction of $123,462.50.
Cricut Stock Up 2.3%
Shares of NASDAQ:CRCT opened at $5.21 on Thursday. Cricut, Inc. has a 12 month low of $3.94 and a 12 month high of $7.33. The company's fifty day simple moving average is $5.08 and its 200 day simple moving average is $5.70. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.73 and a beta of 0.18.
Cricut (NASDAQ:CRCT - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $170.44 million during the quarter, compared to analyst estimates of $156.93 million. Cricut had a net margin of 11.31% and a return on equity of 19.91%. Research analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.
Cricut Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.10 per share. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Cricut's dividend payout ratio is currently 52.63%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Cricut by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,729,857 shares of the company's stock worth $29,751,000 after purchasing an additional 163,602 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Cricut by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,544,659 shares of the company's stock valued at $10,457,000 after buying an additional 159,339 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cricut by 7.0% in the second quarter. Geode Capital Management LLC now owns 1,395,525 shares of the company's stock valued at $9,449,000 after buying an additional 91,339 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Cricut by 51.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,379,155 shares of the company's stock worth $8,675,000 after buying an additional 467,934 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Cricut by 76.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 906,141 shares of the company's stock worth $5,700,000 after buying an additional 392,951 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered Cricut from a "neutral" rating to a "sell" rating and dropped their target price for the company from $5.50 to $4.75 in a research report on Thursday, October 16th. Wall Street Zen cut shares of Cricut from a "buy" rating to a "hold" rating in a research note on Saturday, November 29th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Cricut in a report on Monday. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Sell" and an average price target of $4.18.
Get Our Latest Analysis on Cricut
About Cricut
(
Get Free Report)
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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