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Insider Selling: CEO and 10% Owner Arora Ashish Sells 267,936 Shares of Cricut Inc (CRCT)

On May 14, 2024, Arora Ashish, CEO and 10% Owner of Cricut Inc (NASDAQ:CRCT), executed a significant transaction by selling 267,936 shares of the company. The sale was documented in a recent SEC Filing. This transaction is part of a broader pattern observed over the past year, where the insider has sold a total of 371,071 shares.

Cricut Inc (NASDAQ:CRCT) is a company that operates in the creative and craft industries, providing tools and technology for personal electronic cutting machines which enable users to design and create personalized projects.

The transaction occurred with shares priced at $7.21, valuing the sale at approximately $1,932,283. This trading activity has contributed to the overall insider trend at Cricut Inc, which has seen 17 insider sells and only 1 insider buy over the past year.

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As of the date of the transaction, Cricut Inc (NASDAQ:CRCT) holds a market cap of approximately $1.62 billion. The company's price-earnings ratio stands at 24.72, slightly above the industry median of 23.89.

According to GF Value, the stock is currently Fairly Valued with a price-to-GF-Value ratio of 0.93, based on a GF Value of $7.73. This valuation is derived from historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.

Insider Selling: CEO and 10% Owner Arora Ashish Sells 267,936 Shares of Cricut Inc (CRCT)
Insider Selling: CEO and 10% Owner Arora Ashish Sells 267,936 Shares of Cricut Inc (CRCT)

The insider's recent sale aligns with the broader selling trend among other insiders at Cricut Inc, suggesting a consistent pattern of insider transactions.

Insider Selling: CEO and 10% Owner Arora Ashish Sells 267,936 Shares of Cricut Inc (CRCT)
Insider Selling: CEO and 10% Owner Arora Ashish Sells 267,936 Shares of Cricut Inc (CRCT)

Investors and stakeholders in Cricut Inc (NASDAQ:CRCT) may find these insider activities and valuation metrics useful for making informed decisions regarding their investment or interest in the company.

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.