Cricut, Inc. (NASDAQ:CRCT) CEO Sells $228,660.30 in Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 38,495 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $5.94, for a total value of $228,660.30. Following the completion of the transaction, the chief executive officer now directly owns 2,505,840 shares in the company, valued at approximately $14,884,689.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 14th, Arora Ashish sold 57,493 shares of Cricut stock. The stock was sold at an average price of $5.86, for a total value of $336,908.98.
• On Monday, August 12th, Arora Ashish sold 53,301 shares of Cricut stock. The shares were sold at an average price of $5.79, for a total value of $308,612.79.
• On Friday, August 9th, Arora Ashish sold 77,823 shares of Cricut stock. The stock was sold at an average price of $6.37, for a total value of $495,732.51.

Cricut Price Performance

Cricut stock opened at $5.97 on Monday. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $9.92. The firm’s 50 day simple moving average is $6.07 and its 200-day simple moving average is $5.69. The company has a market cap of $1.29 billion, a P/E ratio of 20.59 and a beta of 0.11.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $167.95 million for the quarter, compared to analysts’ expectations 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 company posted $0.07 EPS. On average, analysts expect that Cricut, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Cricut

Several hedge funds have recently bought and sold shares of the business. Strs Ohio grew its stake in Cricut by 139.1% during the 4th quarter. Strs Ohio now owns 77,000 shares of the company’s stock valued at $507,000 after acquiring an additional 44,800 shares in the last quarter. Swiss National Bank increased its stake in Cricut by 9.2% in the 4th quarter. Swiss National Bank now owns 67,900 shares of the company’s stock valued at $447,000 after buying an additional 5,700 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Cricut in the 4th quarter worth approximately $411,000. Oxford Asset Management LLP acquired a new stake in shares of Cricut during the 4th quarter valued at $181,000. Finally, Olympiad Research LP purchased a new position in shares of Cricut during the 4th quarter valued at $237,000. 19.60% of the stock is owned by hedge funds and other 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.