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

Posted by Doug Wharley on Feb 5th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of Cricut stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $5.66, for a total value of $120,275.00. Following the transaction, the chief executive officer now owns 3,630,377 shares in the company, valued at $20,547,933.82. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

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 value of $111,987.50.
On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.86, for a total transaction 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 transaction of $122,187.50.
On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was 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 shares were sold at an average price of $5.93, for a total transaction of $126,012.50.
On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 stock was sold at an average price of $6.31, for a total value of $134,087.50.
On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $6.00, for a total value of $127,500.00.
On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The shares were sold at an average price of $5.87, for a total transaction of $352,200.00.
On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The stock was sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Up 3.4 %

Shares of CRCT stock traded up $0.19 during trading hours on Wednesday, reaching $5.71. 211,132 shares of the stock were exchanged, compared to its average volume of 262,693. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.39 and a beta of -0.02. Cricut, Inc. has a 12-month low of $4.43 and a 12-month high of $8.40. The company’s 50-day moving average price is $5.73 and its 200-day moving average price is $5.96.

Cricut (NASDAQ:CRCT – Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter last year, the firm earned $0.08 EPS. On average, sell-side analysts expect that Cricut, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, November 6th.

Check Out Our Latest Analysis on CRCT

Institutional Investors Weigh In On Cricut

A number of institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Cricut in the fourth quarter valued at approximately $36,000. Copeland Capital Management LLC purchased a new stake in shares of Cricut during the fourth quarter worth about $63,000. Drive Wealth Management LLC acquired a new position in shares of Cricut during the fourth quarter valued at about $64,000. Olympiad Research LP purchased a new position in shares of Cricut in the fourth quarter worth $67,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in Cricut during the 3rd quarter worth about $70,000. 19.60% of the stock is owned by institutional investors.

About Cricut

(Get Free Report)

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.