Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 35,203 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 35,203 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $5.37, for a total value of $189,040.11. Following the completion of the sale, the chief executive officer now directly owns 3,265,322 shares in the company, valued at approximately $17,534,779.14. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 value 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 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 stock was 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 shares were 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 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 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.

Cricut Stock Performance

CRCT opened at $5.38 on Friday. The stock’s fifty day moving average is $5.64 and its 200-day moving average is $5.89. Cricut, Inc. has a one year low of $4.55 and a one year high of $8.40. The company has a market capitalization of $1.14 billion, a PE ratio of 19.21 and a beta of -0.02.

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

Institutional Trading of Cricut

Large investors have recently added to or reduced their stakes in the business. Versor Investments LP acquired a new stake in shares of Cricut during the 3rd quarter valued at $215,000. Quantbot Technologies LP acquired a new position in shares of Cricut in the 3rd quarter valued at $93,000. FMR LLC increased its stake in Cricut by 779.4% in the 3rd quarter. FMR LLC now owns 19,840 shares of the company’s stock worth $137,000 after purchasing an additional 17,584 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cricut by 6.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock worth $607,000 after buying an additional 5,613 shares during the period. Finally, Martingale Asset Management L P lifted its stake in Cricut by 258.6% during the third quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock valued at $872,000 after buying an additional 90,757 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price objective 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.

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.