Arora Ashish Sells 5,283 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 5,283 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $5.25, for a total value of $27,735.75. Following the completion of the transaction, the chief executive officer now directly owns 4,059,329 shares in the company, valued at approximately $21,311,477.25. This represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 25th, Arora Ashish sold 710 shares of Cricut stock. The stock was sold at an average price of $5.25, for a total transaction of $3,727.50.
• On Friday, March 14th, Arora Ashish sold 35,203 shares of Cricut stock. The stock was sold at an average price of $5.37, for a total transaction of $189,040.11.
• 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 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 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 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 transaction 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.

Cricut Stock Down 1.1 %

CRCT stock opened at $5.16 on Friday. Cricut, Inc. has a twelve month low of $4.66 and a twelve month high of $8.40. The firm has a market capitalization of $1.10 billion, a PE ratio of 18.43 and a beta of -0.02. The stock has a 50-day simple moving average of $5.56 and a two-hundred day simple moving average of $5.86.

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

Institutional Investors Weigh In On Cricut

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 303,236 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Cricut by 25.8% during the fourth quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock worth $6,783,000 after purchasing an additional 244,058 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Cricut in the fourth quarter worth approximately $1,029,000. JPMorgan Chase & Co. raised its stake in Cricut by 296.2% in the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after purchasing an additional 138,385 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Cricut during the fourth quarter valued at approximately $651,000. Institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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