Cricut, Inc. (NASDAQ:CRCT) CEO Sells $128,590.20 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 23,813 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,307,822 shares of the company’s stock, valued at approximately $17,862,238.80. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was 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 Trading Up 3.5 %

Shares of Cricut stock opened at $5.38 on Monday. The business’s fifty day simple moving average is $5.64 and its 200 day simple moving average is $5.89. Cricut, Inc. has a 12 month low of $4.55 and a 12 month high of $8.40. The firm has a market capitalization of $1.14 billion, a P/E ratio of 19.21 and a beta of -0.02.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Cricut

A number of large investors have recently bought and sold shares of CRCT. Bank of New York Mellon Corp increased its position in Cricut by 175.0% in the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock worth $2,716,000 after buying an additional 303,236 shares during the last quarter. American Century Companies Inc. increased its position in Cricut by 25.8% in the fourth quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock worth $6,783,000 after buying an additional 244,058 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Cricut in the fourth quarter worth $1,029,000. JPMorgan Chase & Co. grew its position in shares of Cricut by 296.2% in the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after purchasing an additional 138,385 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Cricut in the fourth quarter valued at $651,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.