Cray Inc. (CRAY) VP Brian C. Henry Sells 36,000 Shares

Cray Inc. (NASDAQ:CRAY) VP Brian C. Henry sold 36,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $28.97, for a total value of $1,042,920.00. Following the completion of the transaction, the vice president now directly owns 106,546 shares in the company, valued at $3,086,637.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CRAY stock traded up $0.69 during trading hours on Wednesday, reaching $29.61. 181,377 shares of the company traded hands, compared to its average volume of 327,838. Cray Inc. has a 12-month low of $18.76 and a 12-month high of $30.56. The company has a quick ratio of 2.62, a current ratio of 3.33 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.18 billion, a P/E ratio of -20.85 and a beta of 1.34.

Cray (NASDAQ:CRAY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.54) by ($0.09). Cray had a negative net margin of 16.99% and a negative return on equity of 17.89%. The company had revenue of $71.55 million for the quarter, compared to analysts’ expectations of $70.67 million. During the same period in the previous year, the firm earned ($0.53) earnings per share. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities research analysts expect that Cray Inc. will post -1.77 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. BidaskClub raised Cray from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut Cray from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. KeyCorp lowered their price objective on Cray from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 13th. Craig Hallum reaffirmed a “buy” rating and set a $36.00 price objective (up from $31.00) on shares of Cray in a research report on Wednesday, May 8th. Finally, TheStreet raised Cray from a “d+” rating to a “c-” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Actinver Wealth Management Inc. bought a new stake in Cray during the 4th quarter valued at approximately $206,000. Legal & General Group Plc raised its stake in Cray by 4.4% during the 4th quarter. Legal & General Group Plc now owns 97,847 shares of the technology company’s stock valued at $2,101,000 after purchasing an additional 4,139 shares during the period. PEAK6 Investments LLC raised its stake in Cray by 46.0% during the 4th quarter. PEAK6 Investments LLC now owns 16,735 shares of the technology company’s stock valued at $361,000 after purchasing an additional 5,270 shares during the period. Arizona State Retirement System raised its stake in Cray by 6.2% during the 4th quarter. Arizona State Retirement System now owns 62,889 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 3,664 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Cray by 214.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 281,507 shares of the technology company’s stock valued at $7,333,000 after purchasing an additional 191,851 shares during the period. 99.08% of the stock is currently owned by institutional investors.

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Cray Company Profile

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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