Cray (NASDAQ:CRAY) Director Stephen C. Kiely sold 4,350 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $27.05, for a total transaction of $117,667.50. Following the transaction, the director now owns 6,286 shares of the company’s stock, valued at approximately $170,036.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cray opened at $27.65 on Friday, Marketbeat reports. The company has a market cap of $1.14 billion, a P/E ratio of -27.38 and a beta of 1.49.
Cray (NASDAQ:CRAY) last released its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.04. Cray had a negative net margin of 33.80% and a negative return on equity of 7.55%. The company had revenue of $79.60 million during the quarter, compared to analyst estimates of $50.08 million. During the same period last year, the business earned ($0.71) earnings per share. Cray’s revenue was up 34.9% compared to the same quarter last year. equities analysts forecast that Cray will post -1 EPS for the current fiscal year.
A number of equities analysts have weighed in on CRAY shares. KeyCorp reiterated a “buy” rating and set a $31.00 target price on shares of Cray in a research report on Friday, January 19th. Zacks Investment Research upgraded shares of Cray from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, January 23rd. BidaskClub lowered shares of Cray from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. TheStreet lowered shares of Cray from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. Finally, Craig Hallum set a $30.00 price objective on shares of Cray and gave the company a “buy” rating in a research report on Tuesday, March 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cray presently has a consensus rating of “Buy” and a consensus target price of $30.00.
Several hedge funds have recently added to or reduced their stakes in CRAY. Schwab Charles Investment Management Inc. boosted its position in shares of Cray by 6.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 210,134 shares of the technology company’s stock valued at $4,088,000 after acquiring an additional 13,135 shares during the period. Dimensional Fund Advisors LP raised its stake in Cray by 15.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,264,358 shares of the technology company’s stock valued at $44,042,000 after purchasing an additional 304,378 shares in the last quarter. California Public Employees Retirement System raised its stake in Cray by 8.8% in the third quarter. California Public Employees Retirement System now owns 165,648 shares of the technology company’s stock valued at $3,222,000 after purchasing an additional 13,348 shares in the last quarter. Strs Ohio raised its stake in Cray by 426.9% in the fourth quarter. Strs Ohio now owns 27,400 shares of the technology company’s stock valued at $663,000 after purchasing an additional 22,200 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in Cray in the fourth quarter valued at approximately $1,483,000. Institutional investors own 96.66% of the company’s stock.
Cray Company Profile
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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