Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 5,283 Shares

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 5,283 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $5.25, for a total value of $27,735.75. Following the sale, the chief executive officer now owns 4,059,329 shares in the company, valued at approximately $21,311,477.25. The trade was a 0.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 25th, Arora Ashish sold 710 shares of Cricut stock. The shares were sold at an average price of $5.25, for a total transaction of $3,727.50.
• On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The stock was sold at an average price of $5.37, for a total transaction of $189,040.11.
• On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The shares were 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 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 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 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 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.

Cricut Trading Down 0.2 %

Shares of NASDAQ:CRCT traded down $0.01 during mid-day trading on Monday, hitting $5.15. 295,201 shares of the company traded hands, compared to its average volume of 504,060. The stock has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $5.86. Cricut, Inc. has a 12-month low of $4.02 and a 12-month high of $8.40. The stock has a market cap of $1.09 billion, a P/E ratio of 18.39 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of $209.31 million for the quarter, compared to the consensus estimate of $214.41 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. As a group, analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered their target price 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 Investors Weigh In On Cricut

A number of institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Cricut in the 4th quarter worth approximately $36,000. Copeland Capital Management LLC purchased a new position in Cricut in the fourth quarter worth $63,000. Drive Wealth Management LLC purchased a new position in Cricut in the fourth quarter worth $64,000. Olympiad Research LP bought a new position in Cricut in the 4th quarter valued at $67,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of Cricut during the 4th quarter valued at $72,000. 19.60% of the stock is owned by institutional investors.

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.