Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 60,000 Shares of Stock

Posted by Amy Steele on Feb 28th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.59, for a total value of $335,400.00. Following the transaction, the chief executive officer now directly owns 3,391,635 shares in the company, valued at approximately $18,959,239.65. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Friday, February 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total value of $356,400.00.
On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total value of $120,275.00.
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 value of $124,525.00.
On Tuesday, January 21st, 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 Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 stock was sold at an average price of $5.93, for a total value of $126,012.50.
On Friday, December 20th, 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 Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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.

Cricut Stock Performance

Shares of NASDAQ CRCT opened at $5.48 on Friday. Cricut, Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.40. The firm’s 50-day simple moving average is $5.72 and its 200 day simple moving average is $5.92. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 19.57 and a beta of -0.02.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on Cricut

Institutional Investors Weigh In On Cricut

Several large investors have recently modified their holdings of the stock. Tenzing Global Management LLC grew its stake in Cricut by 4.9% in the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after buying an additional 100,000 shares in the last quarter. American Century Companies Inc. lifted its stake in Cricut by 25.8% in the fourth quarter. American Century Companies Inc. now owns 1,190,019 shares of the company’s stock worth $6,783,000 after purchasing an additional 244,058 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cricut by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,095,510 shares of the company’s stock valued at $6,246,000 after acquiring an additional 14,191 shares during the last quarter. State Street Corp increased its position in shares of Cricut by 3.2% during the third quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after buying an additional 31,584 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Cricut by 9.9% during 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. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Cricut Company Profile

(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.