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.
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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