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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $5.66, for a total transaction of $120,275.00. Following the transaction, the chief executive officer now owns 3,630,377 shares in the company, valued at $20,547,933.82. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 3rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 shares were 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 stock was 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 value 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 Stock Performance

NASDAQ:CRCT opened at $5.43 on Friday. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The firm has a 50-day moving average price of $5.75 and a two-hundred day moving average price of $5.96. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 19.39 and a beta of -0.02.

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

Institutional Investors Weigh In On Cricut

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

Analyst Ratings Changes

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 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.