Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 23,813 shares of Cricut stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $5.40, for a total value of $128,590.20. Following the completion of the sale, the chief executive officer now directly owns 3,307,822 shares in the company, valued at approximately $17,862,238.80. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Arora Ashish also recently made the following trade(s):
- On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The shares were sold at an average price of $5.37, for a total value of $189,040.11.
- 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 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 stock was 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 stock was 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 stock was 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 value 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 value 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 value of $126,012.50.
- On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value of $126,225.00.
Cricut Stock Performance
Shares of CRCT stock traded up $0.05 during trading on Tuesday, hitting $5.49. The company had a trading volume of 358,000 shares, compared to its average volume of 505,477. The firm has a market capitalization of $1.17 billion, a P/E ratio of 19.61 and a beta of -0.02. The stock's 50-day moving average price is $5.63 and its 200 day moving average price is $5.89. Cricut, Inc. has a one year low of $4.55 and a one year high of $8.40.
Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $209.31 million during the quarter, compared to analysts' expectations of $214.41 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. On average, research analysts anticipate that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cricut
Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Cricut in the fourth quarter valued at approximately $89,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cricut by 28.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,035 shares of the company's stock worth $639,000 after purchasing an additional 24,507 shares during the last quarter. State of Wyoming lifted its stake in Cricut by 138.1% during the fourth quarter. State of Wyoming now owns 87,097 shares of the company's stock worth $496,000 after purchasing an additional 50,514 shares during the last quarter. ProShare Advisors LLC bought a new stake in Cricut during the fourth quarter worth $75,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 purchasing an additional 1,695 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Morgan Stanley reduced their price objective on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a report on Thursday, March 6th.
View Our Latest Stock Report on CRCT
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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