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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $6.36, for a total transaction of $135,150.00. Following the sale, the chief executive officer directly owned 2,845,311 shares of the company’s stock, valued at approximately $18,096,177.96. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, September 9th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.16, for a total transaction of $130,900.00.
• On Wednesday, August 27th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.75, for a total transaction of $122,187.50.
• On Monday, August 25th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total transaction of $126,225.00.
• On Friday, August 15th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.57, for a total transaction of $118,362.50.
• On Wednesday, August 13th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.57, for a total transaction of $118,362.50.
• On Wednesday, July 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.58, for a total transaction of $118,575.00.
• On Monday, July 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.46, for a total transaction of $116,025.00.
• On Wednesday, July 9th, Arora Ashish sold 53,489 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total transaction of $317,724.66.
• On Monday, July 7th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.25, for a total transaction of $375,000.00.
• On Wednesday, June 18th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.57, for a total transaction of $394,200.00.

Cricut Trading Up 2.0%

NASDAQ CRCT opened at $6.61 on Friday. The company has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $5.64. The company has a market cap of $1.40 billion, a P/E ratio of 20.03 and a beta of 0.16. Cricut, Inc. has a 1 year low of $3.94 and a 1 year high of $7.33.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Cricut had a net margin of 10.09% and a return on equity of 16.49%. The firm had revenue of $172.11 million during the quarter, compared to the consensus estimate of $158.59 million. Equities research analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Cricut

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its stake in shares of Cricut by 255.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,644 shares of the company’s stock valued at $25,000 after buying an additional 2,620 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Cricut by 238.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 131,933 shares of the company’s stock valued at $893,000 after buying an additional 93,002 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Cricut by 356.3% in the 2nd quarter. Jane Street Group LLC now owns 92,057 shares of the company’s stock valued at $623,000 after buying an additional 71,881 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Cricut by 1.3% in the 2nd quarter. First Trust Advisors LP now owns 154,368 shares of the company’s stock valued at $1,045,000 after buying an additional 1,977 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Cricut by 62.8% in the 2nd quarter. Invesco Ltd. now owns 55,971 shares of the company’s stock valued at $379,000 after buying an additional 21,582 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Cricut from a “buy” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cricut presently has an average rating of “Sell” and an average target price of $4.52.

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.