Shares of Cray Inc. (NASDAQ:CRAY) have been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.50.
Several research firms recently commented on CRAY. Zacks Investment Research raised Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. BidaskClub raised Cray from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. ValuEngine downgraded Cray from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. KeyCorp decreased their price target on Cray from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, February 13th. Finally, TheStreet raised Cray from a “d+” rating to a “c-” rating in a report on Thursday, March 14th.
In other news, CEO Peter J. Ungaro sold 63,029 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $22.39, for a total value of $1,411,219.31. Following the completion of the sale, the chief executive officer now directly owns 337,532 shares of the company’s stock, valued at approximately $7,557,341.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Charles Piraino sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $22.20, for a total value of $555,000.00. Following the sale, the senior vice president now directly owns 63,230 shares of the company’s stock, valued at $1,403,706. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $3,932,634 over the last three months. Company insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Cray by 4.0% during the 4th quarter. BlackRock Inc. now owns 6,035,363 shares of the technology company’s stock worth $130,304,000 after purchasing an additional 234,903 shares during the period. Vanguard Group Inc increased its position in Cray by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 4,114,360 shares of the technology company’s stock worth $88,458,000 after purchasing an additional 98,077 shares during the period. Vanguard Group Inc. grew its holdings in shares of Cray by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,114,360 shares of the technology company’s stock worth $88,458,000 after acquiring an additional 98,077 shares during the period. Victory Capital Management Inc. lifted its stake in Cray by 15.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,574,302 shares of the technology company’s stock valued at $33,989,000 after buying an additional 209,711 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Cray by 5.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,437,625 shares of the technology company’s stock valued at $31,038,000 after buying an additional 79,637 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.
CRAY stock opened at $27.43 on Friday. Cray has a 52-week low of $18.76 and a 52-week high of $28.60. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -19.32 and a beta of 1.36.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Tuesday, February 12th. The technology company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.15). Cray had a negative net margin of 15.72% and a negative return on equity of 15.97%. The firm had revenue of $163.00 million during the quarter, compared to analyst estimates of $157.90 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts expect that Cray will post -1.33 EPS for the current year.
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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