Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 60,000 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00. Following the completion of the transaction, the chief executive officer now directly owns 3,391,635 shares in the company, valued at $18,959,239.65. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction 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 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.
• 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 transaction 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 transaction of $127,500.00.

Cricut Trading Up 0.2 %

Shares of CRCT opened at $5.64 on Wednesday. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The company has a market cap of $1.21 billion, a P/E ratio of 20.14 and a beta of -0.02. The company’s fifty day simple moving average is $5.74 and its 200-day simple moving average is $5.93.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their target price on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On Cricut

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Versor Investments LP bought a new position in shares of Cricut in the third quarter worth about $215,000. Quantbot Technologies LP bought a new position in shares of Cricut in the third quarter worth about $93,000. FMR LLC grew its holdings in shares of Cricut by 779.4% in the third quarter. FMR LLC now owns 19,840 shares of the company’s stock worth $137,000 after purchasing an additional 17,584 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Cricut by 6.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock worth $607,000 after purchasing an additional 5,613 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Cricut by 258.6% in the third quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after purchasing an additional 90,757 shares during the last quarter. Hedge funds and other 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.