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Ashish Arora, Chief Executive Officer of Cricut, Inc. (NASDAQ:CRCT), a company currently valued at $1.21 billion, sold a total of 63,750 shares of Class A Common Stock between October 6th and October 8th, 2025. The sales, executed in three separate transactions, amounted to $363,060. According to InvestingPro data, the stock has declined over 10% in the past week.
On October 6th, Arora sold 21,250 shares at a weighted average price of $5.8129, with prices ranging from $5.7600 to $5.9800. The following day, October 7th, another 21,250 shares were sold at a weighted average price of $5.6107, in a range of $5.5450 to $5.7700. The final transaction occurred on October 8th, with 21,250 shares sold at a weighted average price of $5.6616, with prices ranging from $5.5550 to $5.7150. Technical indicators from InvestingPro suggest the stock is currently in oversold territory.
Following these transactions, Arora directly owns 2,717,811 shares of Cricut, Inc. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on August 19, 2024. Despite recent price movements, InvestingPro analysis shows the company maintains strong financial health with solid cash flows and a robust balance sheet. Subscribers can access 10+ additional ProTips and comprehensive financial metrics in the Pro Research Report.
In other recent news, Cricut Inc. reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved earnings per share (EPS) of $0.11, which was significantly higher than the projected $0.06, marking an 83.33% surprise. Revenue for the quarter reached $172.1 million, exceeding the anticipated $158.59 million. These results reflect a strong performance for the period. The company’s earnings announcement was followed by a rise in its stock value in aftermarket trading. Such positive earnings and revenue figures are likely to be of interest to investors. These developments come amid a competitive market environment.
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