Key Points
- CEO Arora Ashish sold 60,000 Cricut shares on Feb. 23 at an average price of $4.42 for $265,200, leaving him with 3,798,453 shares (a 1.56% ownership decrease).
- He has been selling regularly since November across multiple transactions—about 299,392 shares in the listed trades (roughly 300,000 shares) including another 60,000 on Feb. 19 and several ~20k lots.
- Cricut has a market cap of roughly $933.8M and a one-year range of $3.94–$7.33, and faces bearish analyst sentiment with a consensus rating of Strong Sell and a consensus target price of $3.60 (Goldman Sachs set a $3.00 sell target).
Cricut, Inc. (NASDAQ:CRCT - Get Free Report) CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $4.42, for a total transaction of $265,200.00. Following the sale, the chief executive officer owned 3,798,453 shares in the company, valued at $16,789,162.26. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Arora Ashish also recently made the following trade(s):
- On Thursday, February 19th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $4.65, for a total value of $279,000.00.
- On Wednesday, January 7th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $4.93, for a total value of $102,706.69.
- On Monday, January 5th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $4.97, for a total value of $103,540.01.
- On Wednesday, December 24th, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $4.94, for a total value of $102,915.02.
- On Monday, December 22nd, Arora Ashish sold 20,833 shares of Cricut stock. The stock was sold at an average price of $5.12, for a total value of $106,664.96.
- On Tuesday, December 9th, Arora Ashish sold 20,833 shares of Cricut stock. The shares were sold at an average price of $5.09, for a total value of $106,039.97.
- On Monday, December 8th, Arora Ashish sold 21,294 shares of Cricut stock. The stock was sold at an average price of $4.97, for a total transaction of $105,831.18.
- On Wednesday, November 26th, Arora Ashish sold 20,372 shares of Cricut stock. The shares were sold at an average price of $4.79, for a total transaction of $97,581.88.
- On Tuesday, November 25th, Arora Ashish sold 33,561 shares of Cricut stock. The stock was sold at an average price of $4.82, for a total transaction of $161,764.02.
Cricut Stock Performance
Shares of Cricut stock opened at $4.41 on Tuesday. The company has a market capitalization of $933.77 million, a P/E ratio of 11.61 and a beta of 0.17. Cricut, Inc. has a 1 year low of $3.94 and a 1 year high of $7.33. The company's fifty day moving average is $4.70 and its two-hundred day moving average is $5.23.
Analyst Ratings Changes
Several analysts have commented on the company. The Goldman Sachs Group reduced their price objective on Cricut from $3.50 to $3.00 and set a "sell" rating for the company in a research note on Wednesday, January 14th. Wall Street Zen cut Cricut from a "buy" rating to a "hold" rating in a research note on Saturday, November 29th. Finally, Weiss Ratings downgraded Cricut from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Strong Sell" and a consensus target price of $3.60.
Check Out Our Latest Analysis on CRCT
Institutional Trading of Cricut
Several hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its stake in shares of Cricut by 374.5% in the fourth quarter. Millennium Management LLC now owns 982,343 shares of the company's stock valued at $4,863,000 after buying an additional 775,330 shares in the last quarter. Algert Global LLC lifted its holdings in Cricut by 354.9% in the third quarter. Algert Global LLC now owns 615,697 shares of the company's stock valued at $3,873,000 after acquiring an additional 480,364 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Cricut by 51.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,379,155 shares of the company's stock worth $8,675,000 after purchasing an additional 467,934 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Cricut by 76.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 906,141 shares of the company's stock valued at $5,700,000 after purchasing an additional 392,951 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its stake in shares of Cricut by 824.0% in the third quarter. Tudor Investment Corp ET AL now owns 358,213 shares of the company's stock valued at $2,253,000 after purchasing an additional 319,447 shares during the period. 19.60% of the stock is owned by institutional investors and hedge funds.
About Cricut
(
Get Free Report)
Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.
Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.
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