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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $5.27, for a total transaction of $111,987.50. Following the completion of the sale, the chief executive officer now 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 Securities & Exchange Commission, 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 shares were 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 stock was 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 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 shares were 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 Price Performance

Shares of NASDAQ:CRCT opened at $5.43 on Friday. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40. The business’s 50-day moving average is $5.75 and its 200-day moving average is $5.96. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 19.39 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (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 in the previous year, the company posted $0.08 earnings per share. Analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CRCT. R Squared Ltd bought a new stake in Cricut in the fourth quarter valued at $36,000. Burns Matteson Capital Management LLC acquired a new stake in shares of Cricut in the 3rd quarter valued at about $70,000. Copeland Capital Management LLC bought a new stake in Cricut in the 4th quarter valued at about $63,000. Drive Wealth Management LLC acquired a new position in Cricut during the 4th quarter worth approximately $64,000. Finally, Olympiad Research LP bought a new position in Cricut in the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their price objective on shares of 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.