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Cricut , Inc. (NASDAQ:CRCT), a company with a market capitalization of $1.21 billion and strong financial health according to InvestingPro analysis, saw its CEO Ashish Arora recently sell 180,000 shares of the company’s Class A common stock over three consecutive days, according to a recent SEC filing. The transactions, which took place on February 21, 24, and 25, were executed under a pre-established Rule 10b5-1 trading plan.
The shares were sold at weighted average prices ranging from $5.5921 to $5.9372, resulting in a total transaction value of approximately $1.03 million. Following these sales, Arora now holds 3,331,635 shares directly.
These sales are part of a planned series of transactions and were executed in multiple trades at various prices within the specified range. The trading plan was adopted on August 19, 2024, as noted in the filing. With a current ratio of 3.16, Cricut maintains strong liquidity, and InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers.
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