Cray (NASDAQ:CRAY) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

CRAY has been the subject of several other research reports. Zacks Investment Research lowered Cray from a “strong-buy” rating to a “hold” rating in a report on Friday, February 16th. TheStreet lowered Cray from a “c-” rating to a “d” rating in a report on Friday, March 2nd. KeyCorp reissued a “buy” rating and issued a $31.00 price objective on shares of Cray in a report on Friday, January 19th. BidaskClub raised Cray from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. Finally, Craig Hallum set a $30.00 price objective on Cray and gave the stock a “buy” rating in a report on Tuesday, March 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.33.

NASDAQ CRAY opened at $24.10 on Thursday. Cray has a one year low of $16.50 and a one year high of $26.65.

Cray (NASDAQ:CRAY) last released its earnings results on Thursday, February 15th. The technology company reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. Cray had a negative return on equity of 8.51% and a negative net margin of 34.10%. The company had revenue of $166.60 million for the quarter, compared to analysts’ expectations of $164.03 million. During the same period in the previous year, the business posted $1.38 EPS. The business’s revenue for the quarter was down 51.9% compared to the same quarter last year. analysts anticipate that Cray will post -0.82 earnings per share for the current year.

In other Cray news, CEO Peter J. Ungaro sold 80,000 shares of Cray stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $22.14, for a total transaction of $1,771,200.00. Following the completion of the transaction, the chief executive officer now owns 342,207 shares of the company’s stock, valued at approximately $7,576,462.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Charles Piraino sold 17,500 shares of Cray stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $22.02, for a total value of $385,350.00. Following the transaction, the senior vice president now directly owns 59,884 shares of the company’s stock, valued at approximately $1,318,645.68. The disclosure for this sale can be found here. In the last three months, insiders sold 116,400 shares of company stock valued at $2,572,539. 4.00% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Cray during the 3rd quarter valued at about $124,000. MainStreet Investment Advisors LLC purchased a new position in Cray during the 4th quarter valued at about $242,000. Teacher Retirement System of Texas purchased a new position in Cray during the 4th quarter valued at about $331,000. Levin Capital Strategies L.P. grew its holdings in Cray by 31.1% during the 4th quarter. Levin Capital Strategies L.P. now owns 15,082 shares of the technology company’s stock valued at $365,000 after buying an additional 3,580 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in Cray during the 4th quarter valued at about $423,000. 97.35% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Cray (NASDAQ:CRAY)

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