Arora Ashish Sells 53,301 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 53,301 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $5.79, for a total transaction of $308,612.79. Following the completion of the transaction, the chief executive officer now directly owns 2,637,243 shares in the company, valued at approximately $15,269,636.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, August 9th, Arora Ashish sold 77,823 shares of Cricut stock. The shares were sold at an average price of $6.37, for a total transaction of $495,732.51.
• On Friday, May 17th, Arora Ashish sold 24,134 shares of Cricut stock. The stock was sold at an average price of $6.97, for a total transaction of $168,213.98.
• On Wednesday, May 15th, Arora Ashish sold 52,901 shares of Cricut stock. The stock was sold at an average price of $7.29, for a total transaction of $385,648.29.

Cricut Trading Up 8.3 %

NASDAQ CRCT traded up $0.47 on Tuesday, hitting $6.10. 469,427 shares of the company’s stock traded hands, compared to its average volume of 830,073. The firm has a market capitalization of $1.32 billion, a PE ratio of 21.03 and a beta of 0.11. The firm’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $5.68. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $10.28.

Cricut (NASDAQ:CRCT) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. The firm had revenue of $167.95 million during the quarter, compared to analyst estimates of $175.68 million. Cricut had a net margin of 8.54% and a return on equity of 12.25%. During the same period in the previous year, the firm earned $0.07 EPS. On average, research analysts anticipate that Cricut, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cricut

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Cricut by 20.8% in the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock worth $73,000 after acquiring an additional 2,103 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Cricut by 9.8% during the 2nd quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock valued at $203,000 after acquiring an additional 3,034 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Cricut by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock valued at $372,000 after acquiring an additional 3,397 shares during the last quarter. Swiss National Bank lifted its position in Cricut by 6.8% in the first quarter. Swiss National Bank now owns 72,500 shares of the company’s stock valued at $345,000 after buying an additional 4,600 shares during the last quarter. Finally, CWM LLC lifted its position in Cricut by 150.8% in the second quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after buying an additional 5,835 shares during the last quarter. Hedge funds and other 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.