Cray Inc. (NASDAQ:CRAY) has received a consensus rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $32.00.

CRAY has been the topic of several recent research reports. Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. BidaskClub upgraded Cray from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, ValuEngine cut Cray from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd.

In related news, SVP Charles A. Morreale sold 30,518 shares of Cray stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $26.06, for a total value of $795,299.08. Following the completion of the sale, the senior vice president now owns 75,747 shares in the company, valued at approximately $1,973,966.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Charles Piraino sold 20,000 shares of Cray stock in a transaction on Monday, November 26th. The shares were sold at an average price of $25.09, for a total transaction of $501,800.00. Following the completion of the transaction, the senior vice president now owns 68,230 shares in the company, valued at $1,711,890.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,185 shares of company stock valued at $1,748,654. Company insiders own 4.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new stake in Cray in the third quarter worth approximately $114,000. Bank of Montreal Can increased its position in shares of Cray by 1,179.7% in the 3rd quarter. Bank of Montreal Can now owns 6,232 shares of the technology company’s stock valued at $134,000 after acquiring an additional 5,745 shares during the period. Teacher Retirement System of Texas acquired a new stake in Cray in the 2nd quarter valued at about $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cray during the 2nd quarter worth $212,000. Finally, Supplemental Annuity Collective Trust of NJ purchased a new stake in Cray during the third quarter worth about $215,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

NASDAQ CRAY traded up $0.05 on Friday, hitting $21.37. 148,500 shares of the company were exchanged, compared to its average volume of 273,862. Cray has a 1-year low of $18.76 and a 1-year high of $28.60. The company has a market cap of $914.74 million, a price-to-earnings ratio of -21.16 and a beta of 1.41.

Cray (NASDAQ:CRAY) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.03). The firm had revenue of $92.80 million during the quarter, compared to analysts’ expectations of $90.58 million. Cray had a negative return on equity of 10.56% and a negative net margin of 33.95%. Cray’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share. On average, research analysts predict that Cray will post -1.5 earnings per share for the current year.

About Cray

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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