Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 60,000 Shares

Posted by Paula Ricardo on Feb 25th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $5.94, for a total transaction of $356,400.00. Following the sale, the chief executive officer now owns 3,451,635 shares in the company, valued at $20,502,711.90. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00.
On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.66, for a total transaction 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 shares were 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 stock was 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 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.

Cricut Trading Up 0.2 %

Shares of Cricut stock traded up $0.01 on Tuesday, reaching $5.64. 343,585 shares of the company were exchanged, compared to its average volume of 270,091. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.14 and a beta of -0.02. Cricut, Inc. has a one year low of $4.43 and a one year high of $8.40. The company has a 50-day moving average of $5.75 and a 200 day moving average of $5.93.

Hedge Funds Weigh In On Cricut

A number of institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Cricut in the 4th quarter valued at about $36,000. Copeland Capital Management LLC acquired a new position in Cricut in the 4th quarter valued at about $63,000. Drive Wealth Management LLC bought a new position in Cricut in the 4th quarter valued at about $64,000. Olympiad Research LP acquired a new stake in Cricut during the fourth quarter worth approximately $67,000. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Cricut during the fourth quarter worth approximately $72,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

View Our Latest Report on CRCT

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.