Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 5,283 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 5,283 shares of Cricut stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $5.25, for a total transaction of $27,735.75. Following the completion of the transaction, the chief executive officer now directly owns 4,059,329 shares of the company’s stock, valued at approximately $21,311,477.25. This represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, March 25th, Arora Ashish sold 710 shares of Cricut stock. The shares were sold at an average price of $5.25, for a total transaction of $3,727.50.
• On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The stock was sold at an average price of $5.37, for a total transaction of $189,040.11.
• On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The shares were 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 shares were sold at an average price of $5.59, for a total value of $335,400.00.
• On Friday, February 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value 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 transaction of $111,987.50.
• 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 shares were sold at an average price of $5.63, for a total transaction of $119,637.50.

Cricut Price Performance

Shares of Cricut stock traded down $0.02 during trading on Thursday, hitting $5.22. The stock had a trading volume of 196,554 shares, compared to its average volume of 496,182. The business has a fifty day moving average of $5.58 and a two-hundred day moving average of $5.87. Cricut, Inc. has a fifty-two week low of $4.59 and a fifty-two week high of $8.40. The firm has a market cap of $1.11 billion, a P/E ratio of 18.64 and a beta of -0.02.

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

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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Cricut in the 4th quarter worth approximately $89,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cricut by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,035 shares of the company’s stock valued at $639,000 after purchasing an additional 24,507 shares during the period. State of Wyoming lifted its holdings in shares of Cricut by 138.1% in the fourth quarter. State of Wyoming now owns 87,097 shares of the company’s stock valued at $496,000 after purchasing an additional 50,514 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Cricut in the fourth quarter worth $75,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cricut by 6.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,095 shares of the company’s stock valued at $154,000 after buying an additional 1,695 shares in the last quarter. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.