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Cray (NASDAQ:CRAY) CEO Peter J. Ungaro sold 150,000 shares of Cray stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $26.73, for a total value of $4,009,500.00. Following the completion of the sale, the chief executive officer now directly owns 302,450 shares of the company’s stock, valued at approximately $8,084,489. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CRAY has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Cray from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $32.63.

Cray (NASDAQ:CRAY) traded down 1.57% on Tuesday, hitting $26.58. The stock had a trading volume of 641,214 shares. Cray has a one year low of $17.13 and a one year high of $42.09. The stock has a 50-day moving average of $31.28 and a 200-day moving average of $29.99. The company has a market cap of $1.021 billion and a price-to-earnings ratio of 40.55.

Cray (NASDAQ:CRAY) last released its earnings data on Tuesday, April 29th. The company reported ($0.46) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.48) by $0.02. The company had revenue of $55.11 million for the quarter, compared to the consensus estimate of $50.88 million. During the same quarter last year, the company posted ($0.23) earnings per share. Cray’s revenue was down 30.7% compared to the same quarter last year. Analysts expect that Cray will post $0.78 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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