Cricut, Inc. (NASDAQ:CRCT) CFO Martin F. Petersen sold 20,644 shares of the business’s stock in a transaction that occurred on Wednesday, April 28th. The stock was sold at an average price of $20.00, for a total value of $412,880.00. Following the sale, the chief financial officer now directly owns 20,644 shares in the company, valued at $412,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ CRCT opened at $26.05 on Tuesday. Cricut, Inc. has a 52-week low of $14.88 and a 52-week high of $27.35.
Several brokerages have weighed in on CRCT. Morgan Stanley began coverage on Cricut in a research note on Monday, April 26th. They set an “overweight” rating and a $23.00 price objective on the stock. Robert W. Baird began coverage on Cricut in a research note on Monday, April 26th. They set an “outperform” rating and a $26.00 price objective on the stock. Citigroup began coverage on Cricut in a research note on Monday, April 19th. They set a “buy” rating and a $25.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Cricut in a research note on Monday, April 26th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on Cricut in a research report on Monday, April 26th. They set a “buy” rating and a $35.00 target price for the company. Six equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $26.67.
Cricut, Inc designs and markets a creativity platform that enables users to turn ideas into professional-looking handmade goods in the United States, Europe, and internationally. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company provides connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations under the Cricut brand.
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