Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 60,000 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00. Following the completion of the sale, the chief executive officer now owns 3,391,635 shares of the company’s stock, valued at $18,959,239.65. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $5.94, for a total transaction of $356,400.00.
• On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total transaction of $120,275.00.
• On Monday, February 3rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.27, for a total transaction of $111,987.50.
• On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.86, for a total transaction 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 transaction 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 transaction 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 transaction of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total transaction of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.00, for a total transaction of $127,500.00.

Cricut Price Performance

CRCT opened at $5.64 on Wednesday. The firm has a market cap of $1.21 billion, a P/E ratio of 20.14 and a beta of -0.02. Cricut, Inc. has a 1-year low of $4.43 and a 1-year high of $8.40. The company has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $5.93.

Hedge Funds Weigh In On Cricut

Hedge funds have recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Cricut in the fourth quarter worth approximately $36,000. Copeland Capital Management LLC bought a new position in shares of Cricut in the fourth quarter worth approximately $63,000. Drive Wealth Management LLC bought a new position in shares of Cricut in the fourth quarter worth approximately $64,000. Olympiad Research LP bought a new position in shares of Cricut in the fourth quarter worth approximately $67,000. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Cricut in the fourth quarter worth approximately $72,000. 19.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.