Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells $335,400.00 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $5.59, for a total value of $335,400.00. Following the transaction, the chief executive officer now directly owns 3,391,635 shares in the company, valued at approximately $18,959,239.65. This represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 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 stock was 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 stock was 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 stock was sold at an average price of $6.00, for a total value of $127,500.00.

Cricut Price Performance

Cricut stock opened at $5.48 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of 19.57 and a beta of -0.02. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The business has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $5.92.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Cricut

Several hedge funds and other institutional investors have recently modified their holdings of CRCT. R Squared Ltd acquired a new stake in Cricut during the 4th quarter valued at $36,000. Copeland Capital Management LLC acquired a new stake in shares of Cricut during the fourth quarter worth $63,000. Drive Wealth Management LLC acquired a new stake in shares of Cricut during the fourth quarter worth $64,000. Olympiad Research LP bought a new position in Cricut during the fourth quarter worth about $67,000. Finally, Caisse Des Depots ET Consignations bought a new position in Cricut during the fourth quarter worth about $72,000. Institutional investors own 19.60% of the company’s stock.

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.