Cricut, Inc. (NASDAQ:CRCT – Get Free Report) 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.
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.
Get Our Latest Report on Cricut
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.
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