Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 21,250 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $5.27, for a total transaction of $111,987.50. Following the transaction, the chief executive officer now owns 3,672,877 shares in the company, valued at approximately $19,356,061.79. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 value of $120,275.00.
• 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 value 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 value 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.
• 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 transaction of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Price Performance

Cricut stock opened at $5.55 on Friday. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The company’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $5.96. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.82 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $165.35 million. During the same period in the prior year, the company posted $0.08 EPS. As a group, sell-side analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Cricut

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Cricut by 217.5% in the second quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after purchasing an additional 63,116 shares during the period. Marshall Wace LLP acquired a new position in Cricut in the 2nd quarter valued at $370,000. SG Americas Securities LLC bought a new position in Cricut in the 3rd quarter worth $118,000. CWM LLC lifted its position in Cricut by 23.9% during the 3rd quarter. CWM LLC now owns 12,026 shares of the company’s stock worth $83,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in Cricut during the third quarter valued at about $70,000. Institutional investors own 19.60% of the company’s stock.

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.