Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 5,283 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 5,283 shares of the company’s stock in a transaction that occurred 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 owns 4,059,329 shares in the company, valued at approximately $21,311,477.25. This represents a 0.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 value 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 value of $189,040.11.
• On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The stock was 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 transaction 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 transaction of $356,400.00.
• 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 value 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 transaction 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 value of $119,637.50.

Cricut Price Performance

Shares of CRCT stock opened at $5.22 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.64 and a beta of -0.02. The company’s fifty day moving average price is $5.57 and its 200-day moving average price is $5.86. Cricut, Inc. has a one year low of $4.66 and a one year high of $8.40.

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reduced their price target on Cricut from $3.90 to $3.80 and set an “underweight” rating for the company in a research report on Thursday, March 6th.

Institutional Trading of Cricut

A number of institutional investors and hedge funds have recently bought and sold shares of CRCT. Tenzing Global Management LLC increased its holdings in shares of Cricut by 4.9% in the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after purchasing an additional 100,000 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Cricut by 25.8% during the 4th quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock valued at $6,783,000 after acquiring an additional 244,058 shares during the last quarter. Geode Capital Management LLC increased its position in Cricut by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,095,510 shares of the company’s stock worth $6,246,000 after purchasing an additional 14,191 shares during the last quarter. State Street Corp lifted its position in Cricut by 3.2% during the third quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after purchasing an additional 31,584 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Cricut by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 608,543 shares of the company’s stock worth $3,469,000 after buying an additional 55,011 shares during the last quarter. 19.60% of the stock is currently owned by 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.