Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.94, for a total value of $356,400.00. Following the transaction, the chief executive officer now owns 3,451,635 shares of the company's stock, valued at $20,502,711.90. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Arora Ashish also recently made the following trade(s):
- 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 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 Trading Down 1.5 %
CRCT stock traded down $0.08 during trading on Friday, hitting $5.40. 213,960 shares of the company's stock were exchanged, compared to its average volume of 269,922. The business has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $5.92. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 19.29 and a beta of -0.02. Cricut, Inc. has a 52-week low of $4.43 and a 52-week high of $8.40.
Institutional Investors Weigh In On Cricut
Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cricut by 6.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,095 shares of the company's stock worth $154,000 after buying an additional 1,695 shares during the period. Exchange Traded Concepts LLC lifted its stake in Cricut by 4.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company's stock valued at $280,000 after buying an additional 2,272 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Cricut by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,468 shares of the company's stock valued at $186,000 after buying an additional 2,684 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Cricut by 11.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 33,846 shares of the company's stock valued at $193,000 after buying an additional 3,365 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Cricut by 4.5% in the fourth quarter. Algert Global LLC now owns 97,323 shares of the company's stock valued at $555,000 after buying an additional 4,213 shares during the last quarter. Hedge funds and other institutional investors own 19.60% of the company's stock.
Analyst Ratings Changes
Separately, The Goldman Sachs Group decreased their target price on Cricut from $6.50 to $5.75 and set a "neutral" rating for the company in a research note on Wednesday, November 6th.
View Our Latest Stock Report 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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