Cricut (NASDAQ:CRCT) CEO Sells $122,187.50 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 21,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $5.75, for a total transaction of $122,187.50. Following the transaction, the chief executive officer directly owned 2,909,061 shares of the company’s stock, valued at $16,727,100.75. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 transaction of $126,225.00.
• On Friday, August 15th, 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, August 13th, 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, July 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 shares were sold at an average price of $5.94, for a total transaction of $317,724.66.
• On Monday, July 7th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.25, for a total transaction of $375,000.00.
• On Wednesday, June 18th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.57, for a total transaction of $394,200.00.
• On Monday, June 16th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.50, for a total transaction of $390,000.00.
• On Wednesday, June 4th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.33, for a total transaction of $379,800.00.

Cricut Price Performance

NASDAQ:CRCT opened at $5.75 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 17.42 and a beta of 0.15. The company has a 50 day moving average price of $5.78 and a 200-day moving average price of $5.63. Cricut, Inc. has a 1-year low of $3.94 and a 1-year high of $7.33.

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

Institutional Investors Weigh In On Cricut

A number of institutional investors have recently added to or reduced their stakes in CRCT. MQS Management LLC acquired a new stake in Cricut in the 1st quarter valued at $59,000. ProShare Advisors LLC acquired a new stake in Cricut during the 4th quarter worth $75,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Cricut during the 2nd quarter worth $80,000. Public Employees Retirement System of Ohio acquired a new stake in Cricut during the 4th quarter worth $89,000. Finally, 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 worth $92,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Cricut from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Sell” and an average target price of $4.52.

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.