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

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 3,672,877 shares of the company’s stock, valued at $19,356,061.79. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $120,275.00.
• On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.86, for a total transaction of $124,525.00.
• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 transaction 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 stock was sold at an average price of $5.94, for a total transaction of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total transaction of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.00, for a total transaction 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 transaction of $352,200.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total transaction of $290,098.31.

Cricut Price Performance

NASDAQ:CRCT opened at $5.71 on Thursday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.39 and a beta of -0.02. The company’s 50-day moving average is $5.74 and its two-hundred day moving average is $5.96. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. As a group, equities analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cricut

Several large investors have recently made changes to their positions in CRCT. Dimensional Fund Advisors LP increased its position in shares of Cricut by 217.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after purchasing an additional 63,116 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Cricut in the 2nd quarter valued at $370,000. SG Americas Securities LLC purchased a new position in shares of Cricut in the 3rd quarter valued at $118,000. CWM LLC grew its position in shares of Cricut by 23.9% in the 3rd quarter. CWM LLC now owns 12,026 shares of the company’s stock valued at $83,000 after buying an additional 2,322 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of Cricut during the third quarter worth about $70,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their price objective on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company 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.