Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells $119,637.50 in Stock

Posted by Brenda Bartman on Jan 11th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $5.63, for a total transaction of $119,637.50. Following the transaction, the chief executive officer now owns 3,717,090 shares in the company, valued at $20,927,216.70. The trade was a 0.57 % 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 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total value of $126,012.50.
On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value of $126,225.00.
On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total value of $134,087.50.
On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.00, for a total value of $127,500.00.
On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.87, for a total transaction of $352,200.00.
On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total transaction of $290,098.31.

Cricut Stock Down 1.1 %

CRCT stock opened at $5.56 on Friday. The stock’s 50 day moving average is $5.68 and its two-hundred day moving average is $5.97. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40. The company has a market capitalization of $1.19 billion, a PE ratio of 19.86 and a beta of -0.01.

Cricut (NASDAQ:CRCT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same quarter last year, the firm posted $0.08 EPS. As a group, sell-side analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Dividend Announcement

The business also recently declared a None dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a dividend yield of 3.4%. Cricut’s payout ratio is 71.43%.

Hedge Funds Weigh In On Cricut

A number of hedge funds have recently bought and sold shares of CRCT. Burns Matteson Capital Management LLC bought a new position in Cricut during the 3rd quarter worth approximately $70,000. Arizona State Retirement System lifted its stake in Cricut by 20.8% during the second quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after purchasing an additional 2,103 shares during the last quarter. CWM LLC boosted its holdings in Cricut by 23.9% in the third quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after purchasing an additional 2,322 shares during the period. Quantbot Technologies LP bought a new stake in Cricut during the third quarter valued at $93,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Cricut during the third quarter worth $118,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their price objective on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

View Our Latest Research Report 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.