Arora Ashish Sells 21,250 Shares of Cricut (NASDAQ:CRCT) Stock

Key Points

• Arora Ashish, CEO of Cricut, sold 21,250 shares at an average price of $6.42, totaling $136,425, while still holding 2,781,561 shares valued at approximately $17.86 million.
• Cricut's stock has seen a significant decrease, trading down to $6.26, with a low of $3.94 and a high of $7.33 in the past year.
• Analysts have recently downgraded Cricut from a "buy" to a "hold" rating, with an average rating of "sell" and a consensus price target of $4.52.

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 21,250 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $6.42, for a total value of $136,425.00. Following the completion of the sale, the chief executive officer owned 2,781,561 shares of the company's stock, valued at approximately $17,857,621.62. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.77, for a total transaction of $143,862.50.
• On Thursday, September 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.36, for a total transaction of $135,150.00.
• On Tuesday, September 9th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.16, for a total transaction of $130,900.00.
• On Wednesday, August 27th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.75, for a total value of $122,187.50.
• On Monday, August 25th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value of $126,225.00.
• On Friday, August 15th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.57, for a total value of $118,362.50.
• On Wednesday, August 13th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.57, for a total value of $118,362.50.
• On Wednesday, July 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.58, for a total value of $118,575.00.
• On Monday, July 21st, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.46, for a total value of $116,025.00.
• On Wednesday, July 9th, Arora Ashish sold 53,489 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total transaction of $317,724.66.

Cricut Stock Performance

Shares of Cricut stock traded down $0.49 during trading on Thursday, hitting $6.26. The company's stock had a trading volume of 443,137 shares, compared to its average volume of 514,334. Cricut, Inc. has a 52 week low of $3.94 and a 52 week high of $7.33. The company has a market capitalization of $1.33 billion, a PE ratio of 18.97 and a beta of 0.16. The company has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $5.71.

Cricut (NASDAQ:CRCT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Cricut had a net margin of 10.09% and a return on equity of 16.49%. The business had revenue of $172.11 million for the quarter, compared to analyst estimates of $158.59 million. As a group, analysts predict that Cricut, Inc. will post 0.28 EPS for the current year.

Institutional Trading of Cricut

A number of institutional investors and hedge funds have recently modified their holdings of CRCT. Osaic Holdings Inc. increased its holdings in shares of Cricut by 255.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,644 shares of the company's stock worth $25,000 after purchasing an additional 2,620 shares in the last quarter. MQS Management LLC bought a new stake in shares of Cricut in the 1st quarter worth $59,000. ProShare Advisors LLC bought a new stake in shares of Cricut in the 4th quarter worth $75,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Cricut in the 2nd quarter worth $80,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Cricut in the 4th quarter worth $89,000. Institutional investors own 19.60% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Cricut from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Sell" and a consensus target price of $4.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.