Cricut, Inc. (NASDAQ:CRCT) CEO Sells $356,400.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.94, for a total transaction of $356,400.00. Following the completion of the transaction, the chief executive officer now directly owns 3,451,635 shares of the company’s stock, valued at approximately $20,502,711.90. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00.
• 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 stock was 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 value of $124,525.00.
• On Tuesday, January 21st, 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 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 value of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total value of $126,012.50.
• On Friday, December 20th, 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 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 value 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 value of $127,500.00.

Cricut Stock Performance

Cricut stock opened at $5.64 on Wednesday. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The stock has a market capitalization of $1.21 billion, a P/E ratio of 20.14 and a beta of -0.02. The stock has a 50-day simple moving average of $5.74 and a 200 day simple moving average of $5.93.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reduced their price target on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

Hedge Funds Weigh In On Cricut

A number of hedge funds and other institutional investors have recently bought and sold shares of CRCT. Bank of New York Mellon Corp grew its holdings in Cricut by 175.0% during the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock worth $2,716,000 after purchasing an additional 303,236 shares during the period. American Century Companies Inc. lifted its position in Cricut by 25.8% during the fourth quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock worth $6,783,000 after acquiring an additional 244,058 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Cricut during the fourth quarter worth approximately $1,029,000. JPMorgan Chase & Co. lifted its position in Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after acquiring an additional 138,385 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Cricut during the fourth quarter worth approximately $651,000. 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.