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Insider Sale: EVP, General Counsel & Secretary Donald Olsen Sells 25,000 Shares of Cricut ...

On May 10, 2024, Donald Olsen, the Executive Vice President, General Counsel & Secretary of Cricut Inc (NASDAQ:CRCT), sold 25,000 shares of the company. The transaction was documented in an SEC Filing. Over the past year, the insider has sold a total of 75,000 shares and has not purchased any shares.

Cricut Inc is a company that designs and markets a system of machines, accessories, and materials that enable users to complete a variety of creative and DIY projects. The company's offerings include cutting machines such as the Cricut Maker and Cricut Explore, along with design apps and accessories that allow users to cut, write, and score materials to create personalized crafts.

On the date of the sale, shares of Cricut Inc were trading at $7.05, giving the company a market cap of $1.55 billion. The price-earnings ratio stood at 24.72, slightly above the industry median of 23.875.

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According to the GF Value, the intrinsic value estimate for Cricut Inc is $7.73 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.91.

Insider Sale: EVP, General Counsel & Secretary Donald Olsen Sells 25,000 Shares of Cricut Inc (CRCT)
Insider Sale: EVP, General Counsel & Secretary Donald Olsen Sells 25,000 Shares of Cricut Inc (CRCT)

The insider transaction history for Cricut Inc shows a trend of more insider sales than buys over the past year, with 16 insider sells and only 1 insider buy.

Insider Sale: EVP, General Counsel & Secretary Donald Olsen Sells 25,000 Shares of Cricut Inc (CRCT)
Insider Sale: EVP, General Counsel & Secretary Donald Olsen Sells 25,000 Shares of Cricut Inc (CRCT)

This recent sale by the insider continues the trend of insider sales at Cricut Inc, which could be of interest to current and potential investors monitoring insider behaviors and company stock valuation.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.