Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 35,203 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 35,203 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.37, for a total transaction of $189,040.11. Following the completion of the sale, the chief executive officer now directly owns 3,265,322 shares of the company's stock, valued at approximately $17,534,779.14. The trade was a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The stock was sold at an average price of $5.40, for a total transaction of $128,590.20.
• On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00.
• On Friday, February 21st, Arora Ashish sold 60,000 shares of Cricut stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 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.

Cricut Price Performance

NASDAQ CRCT traded up $0.05 on Tuesday, hitting $5.49. The stock had a trading volume of 358,000 shares, compared to its average volume of 505,477. Cricut, Inc. has a 52-week low of $4.55 and a 52-week high of $8.40. The business's fifty day moving average price is $5.63 and its 200 day moving average price is $5.89. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 19.61 and a beta of -0.02.

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Cricut (NASDAQ:CRCT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Cricut had a net margin of 8.47% and a return on equity of 12.36%. The business had revenue of $209.31 million during the quarter, compared to the consensus estimate of $214.41 million. As a group, sell-side analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley cut their price target on shares of Cricut from $3.90 to $3.80 and set an "underweight" rating on the stock in a report on Thursday, March 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRCT. Bank of New York Mellon Corp lifted its position in Cricut by 175.0% during the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company's stock valued at $2,716,000 after purchasing an additional 303,236 shares during the period. American Century Companies Inc. raised its position in shares of Cricut by 25.8% in the fourth quarter. American Century Companies Inc. now owns 1,190,019 shares of the company's stock worth $6,783,000 after acquiring an additional 244,058 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Cricut in the fourth quarter worth about $1,029,000. JPMorgan Chase & Co. raised its position in shares of Cricut by 296.2% in the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company's stock worth $1,283,000 after acquiring an additional 138,385 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Cricut in the fourth quarter worth about $651,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

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.