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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $5.66, for a total value of $120,275.00. Following the transaction, the chief executive officer directly owned 2,717,811 shares of the company’s stock, valued at $15,382,810.26. The trade was a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.81, for a total value of $123,462.50.
• On Thursday, September 25th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.42, for a total value of $136,425.00.
• 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 shares were 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 shares were 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 value 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 value 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 value of $118,575.00.

Cricut Stock Performance

CRCT stock opened at $5.67 on Thursday. Cricut, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $7.33. The business’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.76. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.18 and a beta of 0.18.

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

Institutional Trading of Cricut

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew 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 worth $25,000 after buying an additional 2,620 shares during the last quarter. MQS Management LLC purchased a new stake in Cricut during the 1st quarter valued at $59,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Cricut during the 2nd quarter valued at $80,000. Copeland Capital Management LLC boosted its stake in Cricut by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 13,632 shares of the company’s stock valued at $92,000 after purchasing an additional 1,917 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in Cricut during the 1st quarter valued at $97,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Analyst Ratings Changes

CRCT has been the topic of a number of research analyst reports. Wall Street Zen downgraded Cricut from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Cricut in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cricut presently has a consensus rating of “Reduce” and a consensus 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.