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 dated Thursday, September 25th. The stock was sold at an average price of $6.42, for a total transaction of $136,425.00. Following the completion of the transaction, the chief executive officer owned 2,781,561 shares of the company’s stock, valued at approximately $17,857,621.62. This trade represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.77, for a total value of $143,862.50.
• On Thursday, September 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.36, for a total value of $135,150.00.
• 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 value of $130,900.00.
• On Wednesday, August 27th, 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 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 value of $126,225.00.
• On Friday, August 15th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 shares were 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.

Cricut Stock Down 7.3%

CRCT opened at $6.26 on Friday. The company has a market cap of $1.33 billion, a PE ratio of 18.97 and a beta of 0.16. Cricut, Inc. has a twelve month low of $3.94 and a twelve month high of $7.33. The company has a 50-day moving average price of $5.81 and a 200 day moving average price of $5.72.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Cricut had a return on equity of 16.49% and a net margin of 10.09%.The company had revenue of $172.11 million during the quarter, compared to analyst estimates of $158.59 million. As a group, sell-side analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Cricut

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in 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. MQS Management LLC purchased a new stake in shares of Cricut in the first quarter valued at about $59,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Cricut in the second quarter valued at about $80,000. ProShare Advisors LLC acquired a new stake in Cricut during the fourth quarter worth about $75,000. Finally, Copeland Capital Management LLC raised its stake in Cricut by 16.4% during the second quarter. Copeland Capital Management LLC now owns 13,632 shares of the company’s stock worth $92,000 after purchasing an additional 1,917 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.