CRCT - Sell Alert: Arora Ashish Cashes Out $1.93M In Cricut Stock | Benzinga
Revealing a significant insider sell on May 14, Arora Ashish, Chief Executive Officer at Cricut (NASDAQ:CRCT), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Ashish executed a sale of 267,936 shares of Cricut with a total value of $1,932,558.
As of Wednesday morning, Cricut shares are down by 0.4%, currently priced at $7.45.
All You Need to Know About Cricut
Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including the Connected machines engaged in the sale of its connected machine hardware and related essential software, the Subscriptions segment provides monthly and annual subscription fees, and the Accessories and Materials segment provides craft, DIY, home decor products and heat presses including the Cricut EasyPress, Cricut Mug Press, and Cricut Autopress.
Breaking Down Cricut's Financial Performance
Negative Revenue Trend: Examining Cricut's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -7.63% ...