Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 21,250 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $5.27, for a total value of $111,987.50. Following the completion of the sale, the chief executive officer now directly owns 3,672,877 shares in the company, valued at $19,356,061.79. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Arora Ashish also recently made the following trade(s):

• On Wednesday, February 5th, 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 Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.86, for a total transaction of $124,525.00.
• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.75, for a total transaction of $122,187.50.
• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.63, for a total transaction of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 stock was 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 stock was sold at an average price of $5.87, for a total value of $352,200.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The stock was sold at an average price of $5.29, for a total transaction of $290,098.31.

Cricut Stock Performance

CRCT stock opened at $5.71 on Thursday. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The company has a 50 day moving average price of $5.74 and a two-hundred day moving average price of $5.96. The stock has a market capitalization of $1.22 billion, a P/E ratio of 20.39 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). Cricut had a net margin of 8.47% and a return on equity of 12.36%. The company had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Research analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Cricut

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Cricut during the 4th quarter worth $36,000. Burns Matteson Capital Management LLC purchased a new stake in Cricut during the 3rd quarter worth $70,000. Copeland Capital Management LLC purchased a new stake in Cricut during the 4th quarter worth $63,000. Drive Wealth Management LLC purchased a new stake in Cricut during the 4th quarter worth $64,000. Finally, Olympiad Research LP purchased a new stake in Cricut during the 4th quarter worth $67,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their target price on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, November 6th.

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.