Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 60,000 Shares

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.94, for a total value of $356,400.00. Following the sale, the chief executive officer now directly owns 3,451,635 shares of the company’s stock, valued at $20,502,711.90. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $335,400.00.
• On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total transaction 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 transaction 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 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 stock was sold at an average price of $5.94, for a total transaction of $126,225.00.
• On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total transaction of $134,087.50.
• On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.00, for a total transaction of $127,500.00.

Cricut Trading Up 0.2 %

Cricut stock traded up $0.01 during midday trading on Tuesday, reaching $5.64. The company’s stock had a trading volume of 343,585 shares, compared to its average volume of 270,091. The stock has a market cap of $1.21 billion, a PE ratio of 20.14 and a beta of -0.02. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The business has a 50-day moving average price of $5.75 and a 200-day moving average price of $5.93.

Institutional Investors Weigh In On Cricut

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Cricut by 366.6% in the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock valued at $529,000 after purchasing an additional 60,058 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Cricut by 0.9% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Cricut by 6.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,528 shares of the company’s stock valued at $607,000 after acquiring an additional 5,613 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Cricut by 296.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after acquiring an additional 138,385 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Cricut by 26.3% during the 4th quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock worth $123,000 after acquiring an additional 4,484 shares during the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their price objective 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.

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.