Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 21,250 Shares

Posted by Phillip Gast on Feb 7th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $5.66, for a total value of $120,275.00. Following the completion of the transaction, the chief executive officer now directly owns 3,630,377 shares in the company, valued at approximately $20,547,933.82. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

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 stock was 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 stock was 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 stock was 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 value of $126,225.00.
On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.31, for a total value 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.
On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.87, for a total value of $352,200.00.
On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Stock Performance

Shares of NASDAQ CRCT opened at $5.55 on Friday. Cricut, Inc. has a 1 year low of $4.43 and a 1 year high of $8.40. The firm has a market cap of $1.19 billion, a P/E ratio of 19.82 and a beta of -0.02. The stock has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $5.96.

Cricut (NASDAQ:CRCT – Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $167.89 million during the quarter, compared to analyst estimates of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter last year, the company earned $0.08 EPS. On average, research analysts predict that Cricut, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cricut

A number of institutional investors and hedge funds have recently bought and sold shares of CRCT. Bank of New York Mellon Corp grew its stake in shares of Cricut by 175.0% in the 4th quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock worth $2,716,000 after purchasing an additional 303,236 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Cricut by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after buying an additional 138,385 shares in the last quarter. Tenzing Global Management LLC grew its position in Cricut by 4.9% in the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock worth $14,900,000 after buying an additional 100,000 shares during the last quarter. Martingale Asset Management L P increased 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 valued at $872,000 after buying an additional 90,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cricut by 217.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock valued at $552,000 after acquiring an additional 63,116 shares during the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Check Out Our Latest Report on Cricut

Cricut Company Profile

(Get Free Report)

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.