Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Ashish Arora sold 60,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $6.31, for a total transaction of $378,600.00. Following the sale, the chief executive officer owned 5,028,740 shares in the company, valued at $31,731,349.40. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arora Ashish also recently made the following trade(s):
- On Friday, October 23rd, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.26, for a total transaction of $375,600.00.
- On Monday, October 5th, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.43, for a total transaction of $385,800.00.
- On Thursday, October 1st, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.50, for a total transaction of $390,000.00.
- On Thursday, September 17th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.68, for a total transaction of $340,800.00.
- On Tuesday, September 15th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.62, for a total transaction of $337,200.00.
- On Friday, September 4th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.61, for a total transaction of $336,600.00.
- On Wednesday, September 2nd, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.79, for a total transaction of $347,400.00.
- On Wednesday, August 19th, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.48, for a total transaction of $328,800.00.
- On Monday, August 17th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.60, for a total value of $336,000.00.
- On Wednesday, August 5th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.98, for a total value of $358,800.00.
Cricut Stock Down 2.5%
Shares of CRCT traded down $0.16 on Friday, reaching $6.25. The stock had a trading volume of 553,877 shares, compared to its average volume of 608,065. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.54 and a beta of 0.25. The firm has a 50-day moving average of $5.97 and a 200 day moving average of $5.01. Cricut, Inc. has a twelve month low of $3.73 and a twelve month high of $6.82.
Cricut (NASDAQ:CRCT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.13. The firm had revenue of $156.28 million during the quarter, compared to the consensus estimate of $159.95 million. Cricut had a return on equity of 24.57% and a net margin of 12.71%. On average, sell-side analysts anticipate that Cricut, Inc. will post 0.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cricut
A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Cricut by 30.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 985,868 shares of the company’s stock valued at $3,687,000 after buying an additional 229,663 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Cricut by 2.7% in the first quarter. Renaissance Technologies LLC now owns 879,143 shares of the company’s stock worth $3,288,000 after acquiring an additional 23,300 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Cricut in the second quarter worth $2,409,000. Empowered Funds LLC lifted its position in shares of Cricut by 18.1% in the first quarter. Empowered Funds LLC now owns 420,595 shares of the company’s stock valued at $1,573,000 after acquiring an additional 64,362 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Cricut by 124.4% in the first quarter. Bank of America Corp DE now owns 116,790 shares of the company’s stock valued at $437,000 after acquiring an additional 64,737 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Morgan Stanley restated an “underweight” rating and issued a $3.70 price target on shares of Cricut in a research report on Wednesday, August 5th. Weiss Ratings raised Cricut from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. The Goldman Sachs Group began coverage on shares of Cricut in a research report on Wednesday, August 19th. They issued a “sell” rating and a $4.50 price objective on the stock. Finally, Zacks Research cut shares of Cricut from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $4.07.
View Our Latest Report on Cricut
Cricut Company Profile
Cricut, Inc develops and sells connected cutting machines and related products for do-it-yourself crafting, personalization and small-scale creative production. Its systems are designed to cut, draw, score and apply materials such as paper, vinyl, fabric, leather and iron-on transfers, enabling users to create customized home décor, apparel, gifts and other projects.
The company’s product portfolio includes Cricut smart cutting machines, heat presses, specialized tools and a broad range of consumable materials.
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