Key Points
- Cricut CEO Arora Ashish sold 20,833 shares on Jan. 7 at an average price of $4.93 (~$102,707); the sale is one of many recent insider dispositions and trimmed his stake by 0.50% to 4,177,922 shares (≈$20.6M).
- The company announced a $0.10 dividend (ex‑dividend and record date Jan. 6, payable Jan. 20), which the article reports as a 412.0% yield with a 52.63% payout ratio.
- Analyst sentiment is weak—a consensus rating of “Strong Sell” with a $4.18 target—despite Cricut recently beating quarterly EPS and revenue estimates.
Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 20,833 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $4.93, for a total value of $102,706.69. Following the completion of the sale, the chief executive officer owned 4,177,922 shares in the company, valued at $20,597,155.46. The trade was a 0.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Arora Ashish also recently made the following trade(s):
- On Monday, January 5th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total transaction of $103,540.01.
- On Wednesday, December 24th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $4.94, for a total transaction of $102,915.02.
- 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 transaction 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 transaction of $106,039.97.
- 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 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 value of $161,764.02.
- On Monday, November 24th, Arora Ashish sold 10,628 shares of Cricut stock. The shares were 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.
Cricut Stock Up 1.0%
Shares of Cricut stock opened at $4.91 on Thursday. The stock has a market cap of $1.04 billion, a P/E ratio of 12.92 and a beta of 0.17. Cricut, Inc. has a 12-month low of $3.94 and a 12-month high of $7.33. The business's 50 day moving average is $4.93 and its 200-day moving average is $5.52.
Cricut (NASDAQ:CRCT - Get Free Report) last issued 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 business had revenue of $170.44 million for the quarter, compared to the consensus estimate of $156.93 million. Cricut had a net margin of 11.31% and a return on equity of 19.91%. On average, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.
Cricut Dividend Announcement
The company also recently announced a dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be issued a $0.10 dividend. This represents a dividend yield of 412.0%. The ex-dividend date of this dividend is Tuesday, January 6th. Cricut's dividend payout ratio is presently 52.63%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Cricut by 50.2% during the 1st quarter. Invesco Ltd. now owns 34,389 shares of the company's stock worth $177,000 after buying an additional 11,501 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Cricut by 305.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 309,756 shares of the company's stock worth $1,595,000 after acquiring an additional 233,292 shares during the period. Ascent Group LLC acquired a new stake in Cricut in the 1st quarter worth about $218,000. Jane Street Group LLC boosted its holdings in Cricut by 43.7% in the 1st quarter. Jane Street Group LLC now owns 20,176 shares of the company's stock valued at $104,000 after purchasing an additional 6,140 shares during the period. Finally, Strs Ohio acquired a new position in shares of Cricut during the 1st quarter worth approximately $333,000. 19.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CRCT shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Cricut in a research report on Monday, December 29th. The Goldman Sachs Group downgraded Cricut from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $5.50 to $4.75 in a research note on Thursday, October 16th. Finally, Wall Street Zen cut Cricut from a "buy" rating to a "hold" rating in a research note on Saturday, November 29th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Sell" and a consensus target price of $4.18.
Read Our Latest Stock Analysis on Cricut
About Cricut
(
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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