Cricut principal accounting officer Harmer sells $56,950 in stock By Investing.com

Ryan Harmer, Principal Accounting Officer at Cricut, Inc. (), sold 10,000 shares of the company’s Class A Common Stock on August 25, 2026. The transactions totaled $56,950.

The shares were sold at prices ranging from $5.6400 to $5.7500 per share, with a weighted average price of $5.695. Following this sale, Mr. Harmer directly owns 314,428 shares of Cricut, Inc.The insider sale comes as Cricut shares have surged 38% over the past six months, currently trading at $5.81 with a market cap of $1.22 billion. According to InvestingPro analysis, the stock remains undervalued relative to its Fair Value and boasts a perfect Piotroski Score of 9. Investors can access 11 additional ProTips and comprehensive analysis through the detailed Pro Research Report available for CRCT.

In other recent news, Cricut Inc. reported its second-quarter 2026 earnings, surpassing analysts’ expectations with diluted earnings per share of $0.19, significantly higher than the projected $0.051. However, the company’s revenue fell short of forecasts, reaching $156.3 million compared to the anticipated $165.62 million. Despite the earnings beat, some of the profit strength was attributed to one-time benefits such as tariff refunds and a royalty settlement reserve release. Meanwhile, Goldman Sachs initiated coverage on Cricut with a Sell rating, expressing concerns about discretionary spending among middle-income U.S. consumers due to higher energy costs and persistent inflation. The firm set a price target of $4.50 for Cricut’s stock.

Goldman Sachs also initiated coverage on Corsair Gaming Inc. with a Sell rating, citing concerns over memory supply pressures. The firm set a price target of $11.00 and highlighted that competition for DRAM and NAND supply from AI infrastructure buildouts could limit PC unit shipments. Goldman Sachs forecasts a 15% decline in industry PC unit shipment volumes by 2026. These recent developments provide investors with insights into the challenges and expectations facing both Cricut and Corsair Gaming.

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