Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.59, for a total value of $335,400.00. Following the sale, the chief executive officer now owns 3,391,635 shares of the company's stock, valued at $18,959,239.65. This trade represents a 1.74 % decrease in their position. The transaction 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, 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 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $5.94, for a total value 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.
Cricut Price Performance
NASDAQ:CRCT traded down $0.08 during trading hours on Friday, reaching $5.40. 213,960 shares of the company were exchanged, compared to its average volume of 269,922. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 19.29 and a beta of -0.02. The stock has a 50 day simple moving average of $5.71 and a 200 day simple moving average of $5.92. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40.
Institutional Trading of Cricut
A number of institutional investors and hedge funds have recently made changes to their positions in CRCT. R Squared Ltd purchased a new stake in Cricut during the fourth quarter valued at about $36,000. Copeland Capital Management LLC purchased a new stake in Cricut during the fourth quarter valued at about $63,000. Drive Wealth Management LLC purchased a new stake in Cricut during the fourth quarter valued at about $64,000. Olympiad Research LP purchased a new stake in Cricut during the fourth quarter valued at about $67,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in Cricut during the fourth quarter valued at about $72,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group decreased their price target on Cricut from $6.50 to $5.75 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th.
Check Out Our Latest Analysis on Cricut
About Cricut
(
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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.
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