Cricut CEO Ashish Arora sells 180,000 shares for nearly $1 million
Cricut CEO Ashish Arora recently sold 180,000 shares of Class A Common Stock, generating approximately $996,348. The transactions took place between August 17 and August 19, 2026, under a Rule 10b5-1 trading plan established on August 20, 2025. The stock price during this period ranged from $5.4831 to $5.5964 per share. Specifically, Arora sold 60,000 shares on each of the three days, with prices fluctuating between $5.4831 and $5.5964.
Despite this insider sale, InvestingPro analysis indicates that the company remains undervalued based on its Fair Value assessment. Cricut's financial health is further bolstered by a perfect Piotroski Score of 9 and a stronger balance sheet with more cash than debt. The stock is currently trading at a modest P/E ratio of 14.28 and a lower PEG ratio of 0.76, suggesting potential for growth.
Additionally, Arora converted 1,750,000 shares of Class B Common Stock into an equivalent number of Class A shares, further increasing his shareholding in the company.
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