Arora Ashish Sells 21,250 Shares of Cricut, Inc. (NASDAQ:CRCT) Stock

Posted by Sarita Garza on Feb 7th, 2025

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

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

On Monday, February 3rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were 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 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 transaction 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 transaction of $127,500.00.
On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.87, for a total value of $352,200.00.
On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total value of $290,098.31.

Cricut Trading Down 2.8 %

NASDAQ:CRCT opened at $5.55 on Friday. The firm’s fifty day simple moving average is $5.75 and its 200 day simple moving average is $5.96. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.82 and a beta of -0.02.

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

Institutional Investors Weigh In On Cricut

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Cricut by 175.0% in the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock valued at $2,716,000 after acquiring an additional 303,236 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cricut by 296.2% in the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after purchasing an additional 138,385 shares during the period. Tenzing Global Management LLC grew its holdings in Cricut by 4.9% during the 3rd quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after purchasing an additional 100,000 shares in the last quarter. Martingale Asset Management L P increased its stake in Cricut by 258.6% during the 3rd quarter. Martingale Asset Management L P now owns 125,846 shares of the company’s stock worth $872,000 after buying an additional 90,757 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Cricut by 217.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 92,139 shares of the company’s stock worth $552,000 after buying an additional 63,116 shares during the period. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on CRCT

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.