Cray CFO Brian C. Henry Sells 123,499 Shares (CRAY)
Cray (NASDAQ:CRAY) CFO Brian C. Henry unloaded 123,499 shares of the company’s stock on the open market in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.12, for a total value of $4,337,284.88. Following the sale, the chief financial officer now directly owns 171,130 shares in the company, valued at approximately $6,010,086. The sale was disclosed in a document filed with the SEC, which is available at this link.
CRAY has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Cray from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Separately, analysts at Needham & Company raised their price target on shares of Cray from $30.00 to $37.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Cray from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $30.90 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Cray currently has a consensus rating of “Buy” and an average price target of $32.63.
Shares of Cray (NASDAQ:CRAY) traded up 1.45% during mid-day trading on Tuesday, hitting $35.65. The stock had a trading volume of 397,697 shares. Cray has a 52 week low of $16.20 and a 52 week high of $41.83. The stock has a 50-day moving average of $31.59 and a 200-day moving average of $26.09. The company has a market cap of $1.364 billion and a price-to-earnings ratio of 43.38.
Cray (NASDAQ:CRAY) last released its earnings data on Thursday, February 13th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.09. The company had revenue of $307.40 million for the quarter, compared to the consensus estimate of $300.56 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 62.8% on a year-over-year basis. Analysts expect that Cray will post $0.88 EPS for the current fiscal year.
Cray Inc designs, develops, manufactures, markets and services high-performance computing (NASDAQ:CRAY), systems, including categories of systems commonly known as supercomputers and/or clusters, and provide storage solutions, software and engineering services related to HPC systems to its customers, which include government agencies and government-funded entities, academic institutions and commercial entities.
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