Charles River Associates (NASDAQ:CRAI) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Charles River Associates (NASDAQ:CRAI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $165.87 and traded as high as $170.39. Charles River Associates shares last traded at $168.39, with a volume of 110,906 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.00.

Charles River Associates Stock Down 3.0%

The company has a 50 day moving average price of $147.64 and a 200-day moving average price of $165.67. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 1.24 and a beta of 0.69.

Charles River Associates (NASDAQ:CRAI) last posted its earnings results on Thursday, May 7th. The business services provider reported $1.99 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.03). Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%.The business had revenue of $200.97 million for the quarter, compared to analyst estimates of $193.81 million. On average, analysts forecast that Charles River Associates will post 8.52 EPS for the current fiscal year.

Charles River Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Tuesday, May 26th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Charles River Associates’s dividend payout ratio (DPR) is currently 31.67%.

Insider Transactions at Charles River Associates

In other Charles River Associates news, EVP Jonathan D. Yellin sold 2,250 shares of Charles River Associates stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $147.72, for a total transaction of $332,370.00. Following the transaction, the executive vice president directly owned 13,247 shares of the company’s stock, valued at approximately $1,956,846.84. The trade was a 14.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles River Associates

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in Charles River Associates by 86.6% in the first quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider’s stock valued at $17,052,000 after acquiring an additional 48,892 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Charles River Associates by 140.2% during the 4th quarter. BNP Paribas Financial Markets now owns 44,555 shares of the business services provider’s stock worth $8,942,000 after purchasing an additional 26,003 shares during the last quarter. Jump Financial LLC raised its holdings in Charles River Associates by 72.3% during the 3rd quarter. Jump Financial LLC now owns 32,642 shares of the business services provider’s stock worth $6,807,000 after purchasing an additional 13,692 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Charles River Associates by 47.4% in the 1st quarter. California State Teachers Retirement System now owns 9,187 shares of the business services provider’s stock worth $1,487,000 after purchasing an additional 2,953 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Charles River Associates in the 2nd quarter worth approximately $1,424,000. 84.13% of the stock is currently owned by institutional investors.

About Charles River Associates

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.