Arora Ashish Sells 23,813 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 23,813 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $5.40, for a total value of $128,590.20. Following the completion of the transaction, the chief executive officer now owns 3,307,822 shares of the company’s stock, valued at $17,862,238.80. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The shares were sold at an average price of $5.37, for a total value of $189,040.11.
• 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 shares were 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 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 value 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 stock was 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 stock was 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 stock was sold at an average price of $5.94, for a total value of $126,225.00.

Cricut Stock Performance

Shares of NASDAQ CRCT opened at $5.38 on Friday. The business’s 50 day moving average price is $5.64 and its 200-day moving average price is $5.89. Cricut, Inc. has a fifty-two week low of $4.55 and a fifty-two week high of $8.40. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 19.21 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $214.41 million. Sell-side analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Cricut

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in Cricut during the 4th quarter valued at $89,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cricut by 28.0% in 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 worth $639,000 after purchasing an additional 24,507 shares in the last quarter. State of Wyoming boosted its position in shares of Cricut by 138.1% in the 4th quarter. State of Wyoming now owns 87,097 shares of the company’s stock worth $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 4th quarter worth $75,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cricut by 6.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,095 shares of the company’s stock worth $154,000 after purchasing an additional 1,695 shares in the last quarter. 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.