Arora Ashish Sells 53,301 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 53,301 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $5.79, for a total value of $308,612.79. Following the completion of the transaction, the chief executive officer now directly owns 2,637,243 shares in the company, valued at $15,269,636.97. The transaction 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 Friday, August 9th, Arora Ashish sold 77,823 shares of Cricut stock. The stock was sold at an average price of $6.37, for a total value of $495,732.51.
• On Friday, May 17th, Arora Ashish sold 24,134 shares of Cricut stock. The stock was sold at an average price of $6.97, for a total value of $168,213.98.
• On Wednesday, May 15th, Arora Ashish sold 52,901 shares of Cricut stock. The shares were sold at an average price of $7.29, for a total value of $385,648.29.

Cricut Price Performance

Shares of NASDAQ CRCT traded up $0.47 during midday trading on Tuesday, hitting $6.10. 469,427 shares of the company's stock were exchanged, compared to its average volume of 830,073. The stock's 50 day moving average price is $6.12 and its 200-day moving average price is $5.68. The firm has a market cap of $1.32 billion, a P/E ratio of 21.03 and a beta of 0.11. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $10.28.

Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $175.68 million. Cricut had a return on equity of 12.25% and a net margin of 8.54%. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, analysts expect that Cricut, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Cricut

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRCT. CWM LLC increased its holdings in shares of Cricut by 150.8% in the second quarter. CWM LLC now owns 9,704 shares of the company's stock valued at $58,000 after buying an additional 5,835 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Cricut by 9,096.7% during the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company's stock valued at $65,000 after acquiring an additional 13,645 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company's stock valued at $73,000 after acquiring an additional 2,103 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Cricut during the 1st quarter valued at $78,000. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Cricut during the 1st quarter valued at $78,000. Institutional investors own 19.60% of the company's stock.

About Cricut

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.