Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 23,813 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 23,813 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $5.40, for a total transaction of $128,590.20. Following the completion of the sale, the chief executive officer now owns 3,307,822 shares in the company, valued at approximately $17,862,238.80. The trade was a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The stock was sold at an average price of $5.37, for a total transaction of $189,040.11.
• On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.59, for a total transaction of $335,400.00.
• On Friday, February 21st, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $356,400.00.
• 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 Monday, February 3rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.27, for a total transaction of $111,987.50.
• On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 stock was 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 stock was 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 shares were sold at an average price of $5.93, for a total transaction of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00.

Cricut Price Performance

NASDAQ:CRCT opened at $5.38 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 19.21 and a beta of -0.02. Cricut, Inc. has a 1-year low of $4.55 and a 1-year high of $8.40. The company’s fifty day moving average price is $5.64 and its 200-day moving average price is $5.89.

Cricut (NASDAQ:CRCT) last announced its earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Cricut had a net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $209.31 million for the quarter, compared to analyst estimates of $214.41 million. Equities analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Cricut

Several hedge funds and other institutional investors have recently modified their holdings of CRCT. R Squared Ltd purchased a new position in shares of Cricut in the fourth quarter worth about $36,000. Copeland Capital Management LLC purchased a new position in Cricut during the fourth quarter worth about $63,000. Drive Wealth Management LLC purchased a new position in Cricut during the fourth quarter worth about $64,000. Olympiad Research LP purchased a new position in Cricut during the fourth quarter worth about $67,000. Finally, Caisse Des Depots ET Consignations purchased a new position in Cricut during the fourth quarter worth about $72,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley decreased their price target on shares of Cricut from $3.90 to $3.80 and set an “underweight” rating for the company in a report on Thursday, March 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.