Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Ashish Arora sold 60,000 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $6.26, for a total value of $375,600.00. Following the transaction, the chief executive officer owned 4,908,740 shares in the company, valued at $30,728,712.40. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arora Ashish also recently made the following trade(s):
- On Wednesday, October 21st, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $6.31, for a total value of $378,600.00.
- On Monday, October 5th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.43, for a total value of $385,800.00.
- On Thursday, October 1st, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $6.50, for a total value 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 value 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 value of $337,200.00.
- On Friday, September 4th, Ashish Arora sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.61, for a total value 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 value of $347,400.00.
- On Wednesday, August 19th, Ashish Arora sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.48, for a total value 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 transaction 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 transaction of $358,800.00.
Cricut Price Performance
Shares of Cricut stock opened at $6.25 on Friday. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.54 and a beta of 0.25. The company’s fifty day moving average price is $5.98 and its two-hundred day moving average price is $5.02. Cricut, Inc. has a 52-week low of $3.73 and a 52-week high of $6.82.
Cricut (NASDAQ:CRCT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The company had revenue of $156.28 million during the quarter, compared to analysts’ expectations of $159.95 million. Cricut had a net margin of 12.71% and a return on equity of 24.57%. Analysts predict that Cricut, Inc. will post 0.32 earnings per share for the current fiscal year.
Institutional Trading of Cricut
A number of large investors have recently bought and sold shares of CRCT. Dimensional Fund Advisors LP raised its stake in Cricut by 30.4% during the first quarter. Dimensional Fund Advisors LP now owns 985,868 shares of the company’s stock worth $3,687,000 after acquiring an additional 229,663 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cricut by 2.7% during the first quarter. Renaissance Technologies LLC now owns 879,143 shares of the company’s stock valued at $3,288,000 after acquiring an additional 23,300 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Cricut in the 2nd quarter valued at $2,409,000. Empowered Funds LLC boosted its stake in shares of Cricut by 18.1% in the 1st quarter. Empowered Funds LLC now owns 420,595 shares of the company’s stock valued at $1,573,000 after purchasing an additional 64,362 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Cricut by 124.4% in the 1st quarter. Bank of America Corp DE now owns 116,790 shares of the company’s stock valued at $437,000 after purchasing an additional 64,737 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on CRCT shares. The Goldman Sachs Group assumed coverage on shares of Cricut in a research report on Wednesday, August 19th. They issued a “sell” rating and a $4.50 price target for the company. Zacks Research cut shares of Cricut from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings raised Cricut from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $3.70 price objective on shares of Cricut in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Cricut currently has an average rating of “Strong Sell” and a consensus price target of $4.07.
Read Our Latest Analysis on Cricut
About Cricut
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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