Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 21,250 Shares of Stock

Key Points

• Cricut, Inc. CEO Arora Ashish sold 21,250 shares of the company's stock, valued at approximately $118,362.50, resulting in a decrease of 0.70% in his ownership.
• Cricut's stock decreased by 2.5% and traded at $5.52 after experiencing a trading volume of 1,191,278 shares.
• In the latest quarterly earnings, Cricut reported an EPS of $0.11, exceeding analyst expectations of $0.06, alongside revenues of $172.11 million.

Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $5.57, for a total value of $118,362.50. Following the completion of the transaction, the chief executive officer owned 3,015,311 shares of the company's stock, valued at approximately $16,795,282.27. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 15th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 shares were 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 shares were sold at an average price of $5.94, for a total value of $317,724.66.
• On Monday, July 7th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.25, for a total value of $375,000.00.
• On Wednesday, June 18th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.57, for a total value of $394,200.00.
• On Monday, June 16th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.50, for a total value of $390,000.00.
• On Wednesday, June 4th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.33, for a total value of $379,800.00.
• On Monday, June 2nd, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.22, for a total value of $373,200.00.
• On Friday, May 23rd, 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.

Cricut Stock Down 2.5%

CRCT stock traded down $0.14 during trading on Friday, reaching $5.52. 1,191,278 shares of the company's stock were exchanged, compared to its average volume of 488,151. Cricut, Inc. has a 1-year low of $3.94 and a 1-year high of $7.33. The company's fifty day moving average price is $5.93 and its 200-day moving average price is $5.61. The firm has a market cap of $1.17 billion, a PE ratio of 16.73 and a beta of 0.15.

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

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Cricut from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

Institutional Trading of Cricut

Several institutional investors have recently modified their holdings of CRCT. JPMorgan Chase & Co. lifted its holdings in shares of Cricut by 13.9% in the fourth quarter. JPMorgan Chase & Co. now owns 210,783 shares of the company's stock valued at $1,201,000 after buying an additional 25,685 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Cricut by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,095,510 shares of the company's stock valued at $6,246,000 after buying an additional 14,191 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Cricut by 45.3% in the fourth quarter. Wells Fargo & Company MN now owns 23,417 shares of the company's stock valued at $133,000 after buying an additional 7,305 shares during the period. Legal & General Group Plc lifted its holdings in shares of Cricut by 17.2% in the fourth quarter. Legal & General Group Plc now owns 53,149 shares of the company's stock valued at $303,000 after buying an additional 7,811 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Cricut by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 608,543 shares of the company's stock valued at $3,469,000 after buying an additional 55,011 shares during the period. Institutional investors and hedge funds own 19.60% of the company's stock.

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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