Arora Ashish Sells 35,203 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 35,203 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.37, for a total value 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 $17,534,779.14. The trade was a 1.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $128,590.20.
• 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 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 shares were 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 shares were 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 shares were sold at an average price of $5.94, for a total value of $126,225.00.

Cricut Trading Up 3.5 %

Shares of NASDAQ:CRCT opened at $5.38 on Friday. Cricut, Inc. has a 1 year low of $4.55 and a 1 year high of $8.40. The business has a fifty day simple moving average of $5.64 and a 200 day simple moving average of $5.89. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 19.21 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last posted its earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $209.31 million for the quarter, compared to analyst estimates of $214.41 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. On average, sell-side analysts forecast that Cricut, Inc. will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Cricut

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Cricut in the fourth quarter valued at about $36,000. Copeland Capital Management LLC acquired a new stake in Cricut during the fourth quarter worth about $63,000. Drive Wealth Management LLC acquired a new stake in Cricut during the fourth quarter worth about $64,000. Olympiad Research LP acquired a new stake in Cricut during the fourth quarter worth about $67,000. Finally, Caisse Des Depots ET Consignations acquired a new stake in Cricut during the fourth quarter worth about $72,000. 19.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 research note on Thursday, March 6th.

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.