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 firm’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 in the company, valued at approximately $17,534,779.14. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 value of $120,275.00.
• On Monday, February 3rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 transaction 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 shares were 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 transaction of $126,225.00.

Cricut Stock Performance

Shares of CRCT opened at $5.38 on Friday. Cricut, Inc. has a one year low of $4.55 and a one year high of $8.40. The stock has a 50-day moving average price of $5.64 and a 200 day moving average price of $5.89. The company has a market capitalization of $1.14 billion, a P/E ratio of 19.21 and a beta of -0.02.

Cricut (NASDAQ:CRCT) last released its earnings results on Tuesday, March 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $214.41 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. As a group, equities research analysts forecast that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their price target on shares of Cricut from $3.90 to $3.80 and set an “underweight” rating for the company in a report on Thursday, March 6th.

Hedge Funds Weigh In On Cricut

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in Cricut by 366.6% during the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock worth $529,000 after buying an additional 60,058 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cricut by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after acquiring an additional 9,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cricut by 6.9% during 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. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 138,385 shares during the period. Finally, SG Americas Securities LLC increased its stake in Cricut by 26.3% during the fourth quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $123,000 after purchasing an additional 4,484 shares during the last quarter. 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.