Insider Selling: Cray Inc. (CRAY) VP Sells 52,409 Shares of Stock

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Cray Inc. (NASDAQ:CRAY) VP Brian C. Henry sold 52,409 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $31.66, for a total value of $1,659,268.94. Following the transaction, the vice president now directly owns 31,475 shares in the company, valued at approximately $996,498.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CRAY stock traded down $0.92 on Monday, reaching $35.60. 1,205,458 shares of the company were exchanged, compared to its average volume of 444,767. The stock has a market capitalization of $1.50 billion, a PE ratio of -25.07 and a beta of 1.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.33 and a quick ratio of 2.62. Cray Inc. has a one year low of $18.76 and a one year high of $36.64.

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

A number of equities analysts have weighed in on CRAY shares. KeyCorp lowered their price target on Cray from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 13th. BidaskClub raised shares of Cray from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. TheStreet raised shares of Cray from a “d+” rating to a “c-” rating in a research report on Thursday, March 14th. ValuEngine raised shares of Cray from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th. Finally, Craig Hallum reissued a “buy” rating and set a $36.00 price objective (up previously from $31.00) on shares of Cray in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cray presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Cray by 4.0% during the fourth quarter. BlackRock Inc. now owns 6,035,363 shares of the technology company’s stock worth $130,304,000 after acquiring an additional 234,903 shares in the last quarter. Vanguard Group Inc. lifted its position in Cray by 2.4% in the third quarter. Vanguard Group Inc. now owns 4,114,360 shares of the technology company’s stock valued at $88,458,000 after buying an additional 98,077 shares during the last quarter. Victory Capital Management Inc. increased its stake in Cray by 15.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,574,302 shares of the technology company’s stock worth $33,989,000 after purchasing an additional 209,711 shares during the period. Bank of New York Mellon Corp increased its stake in Cray by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,437,625 shares of the technology company’s stock worth $31,038,000 after purchasing an additional 79,637 shares during the period. Finally, Wellington Management Group LLP increased its stake in Cray by 7.1% during the first quarter. Wellington Management Group LLP now owns 1,238,690 shares of the technology company’s stock worth $32,268,000 after purchasing an additional 81,994 shares during the period. 99.08% of the stock is currently owned by institutional investors and hedge funds.

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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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Insider Buying and Selling by Quarter for Cray (NASDAQ:CRAY)

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