Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 5,283 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 5,283 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $5.25, for a total transaction of $27,735.75. Following the transaction, the chief executive officer now owns 4,059,329 shares in the company, valued at $21,311,477.25. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 25th, Arora Ashish sold 710 shares of Cricut stock. The stock was sold at an average price of $5.25, for a total value of $3,727.50.
• 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 Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The stock was sold at an average price of $5.40, for a total transaction of $128,590.20.
• On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.59, for a total value 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 value of $356,400.00.
• On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total value 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 value 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 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 stock was sold at an average price of $5.63, for a total transaction of $119,637.50.

Cricut Trading Down 0.4 %

NASDAQ CRCT opened at $5.22 on Friday. The company has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $5.86. Cricut, Inc. has a 12-month low of $4.66 and a 12-month high of $8.40. The stock has a market cap of $1.11 billion, a P/E ratio of 18.64 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, March 4th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $209.31 million for the quarter, compared to analyst estimates of $214.41 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Cricut during the fourth quarter worth $36,000. Copeland Capital Management LLC purchased a new position in shares of Cricut in the 4th quarter valued at about $63,000. Drive Wealth Management LLC purchased a new position in Cricut during the fourth quarter worth approximately $64,000. Olympiad Research LP acquired a new stake in Cricut in the fourth quarter valued at approximately $67,000. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Cricut during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley reduced their target price on Cricut from $3.90 to $3.80 and set an “underweight” rating on the stock in a research report on Thursday, March 6th.

About Cricut

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.