Key Points
- CEO sale: Arora Ashish sold 20,833 shares on Dec. 24 at an average price of $4.94 (~$102,915), part of multiple recent insider sales; he still owns 4,240,421 shares (a 0.49% ownership decline) valued at about $20.95M.
- Dividend announced: Cricut declared a $0.10 per-share dividend payable Jan. 20 (record/ex-dividend Jan. 6), with the report citing a payout ratio of 52.63% and an anomalously high yield figure of 399%.
- Analyst sentiment: Recent research is negative — one Hold and three Sell ratings produce a MarketBeat consensus of "Strong Sell" with an average price target of $4.18.
Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 20,833 shares of the firm's stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $4.94, for a total value of $102,915.02. Following the completion of the sale, the chief executive officer directly owned 4,240,421 shares of the company's stock, valued at $20,947,679.74. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 stock was 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 transaction of $105,831.18.
- On Wednesday, November 26th, Arora Ashish sold 20,372 shares of Cricut stock. The stock was 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 transaction of $50,695.56.
- On Friday, November 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was 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 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 value of $116,237.50.
Cricut Price Performance
NASDAQ CRCT opened at $5.02 on Tuesday. The business has a 50 day moving average price of $4.97 and a 200 day moving average price of $5.59. The company has a market capitalization of $1.06 billion, a P/E ratio of 13.21 and a beta of 0.18. Cricut, Inc. has a 1-year low of $3.94 and a 1-year high of $7.33.
Cricut (NASDAQ:CRCT - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $170.44 million for the quarter, compared to analyst estimates of $156.93 million. Cricut had a return on equity of 19.91% and a net margin of 11.31%. On average, research analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.
Cricut Announces Dividend
The firm also recently announced 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 52.63%.
Institutional Trading of Cricut
Hedge funds have recently bought and sold shares of the company. Algert Global LLC raised its holdings in Cricut by 354.9% in the 3rd quarter. Algert Global LLC now owns 615,697 shares of the company's stock valued at $3,873,000 after acquiring an additional 480,364 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Cricut by 51.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,379,155 shares of the company's stock valued at $8,675,000 after purchasing an additional 467,934 shares during the period. Jacobs Levy Equity Management Inc. lifted its position 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 period. Tudor Investment Corp ET AL boosted its stake in Cricut by 824.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 358,213 shares of the company's stock worth $2,253,000 after buying an additional 319,447 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Cricut in the 3rd quarter valued at about $1,570,000. Institutional investors and hedge funds own 19.60% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on CRCT. Weiss Ratings reiterated a "hold (c-)" rating on shares of Cricut in a research report on Monday, December 22nd. Wall Street Zen cut Cricut from a "buy" rating to a "hold" rating in a report on Saturday, November 29th. Finally, The Goldman Sachs Group downgraded Cricut from a "neutral" rating to a "sell" rating and dropped their price target 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Strong Sell" and an average target price of $4.18.
Check Out Our Latest Report on CRCT
Cricut Company Profile
(
Get Free Report)
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.
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