Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 21,250 Shares

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 21,250 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $5.27, for a total value of $111,987.50. Following the completion of the sale, the chief executive officer now owns 3,672,877 shares of the company's stock, valued at $19,356,061.79. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 transaction 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 transaction 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 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 value 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 value of $127,500.00.
• On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.87, for a total transaction of $352,200.00.
• On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The stock was sold at an average price of $5.29, for a total transaction of $290,098.31.

Cricut Price Performance

Shares of NASDAQ CRCT traded down $0.12 during midday trading on Friday, reaching $5.43. 228,064 shares of the stock traded hands, compared to its average volume of 225,016. The company's 50 day moving average is $5.75 and its 200 day moving average is $5.96. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The stock has a market capitalization of $1.16 billion, a PE ratio of 19.39 and a beta of -0.02.

Hedge Funds Weigh In On Cricut

Institutional investors have recently bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Cricut in the 4th quarter worth approximately $36,000. Copeland Capital Management LLC bought a new stake in Cricut in the fourth quarter worth $63,000. Drive Wealth Management LLC purchased a new position in Cricut during the fourth quarter worth $64,000. Olympiad Research LP bought a new position in Cricut during the fourth quarter valued at $67,000. Finally, Burns Matteson Capital Management LLC bought a new position in Cricut during the third quarter valued at $70,000. Institutional investors own 19.60% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased their price target on shares of Cricut from $6.50 to $5.75 and set a "neutral" rating on the stock in a research note 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.