Cray CFO Unloads $1,529,081 in Stock (CRAY)
Cray (NASDAQ:CRAY) CFO Brian C. Henry sold 55,102 shares of Cray stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $27.75, for a total transaction of $1,529,080.50. Following the transaction, the chief financial officer now directly owns 147,054 shares of the company’s stock, valued at approximately $4,080,749. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Cray (NASDAQ:CRAY) traded up 1.31% on Thursday, hitting $27.01. 250,848 shares of the company’s stock traded hands. Cray has a one year low of $21.30 and a one year high of $42.09. The stock has a 50-day moving average of $28.17 and a 200-day moving average of $30.6. The company has a market cap of $1.043 billion and a P/E ratio of 52.27.
Cray (NASDAQ:CRAY) last released its earnings data on Tuesday, July 29th. The company reported ($0.22) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.30) by $0.08. The company had revenue of $85.10 million for the quarter, compared to the consensus estimate of $74.75 million. During the same quarter last year, the company posted ($0.19) earnings per share. Cray’s revenue was up .7% compared to the same quarter last year. Analysts expect that Cray will post $0.77 EPS for the current fiscal year.
Separately, analysts at Needham & Company LLC initiated coverage on shares of Cray in a research note on Wednesday, July 30th. They set a “buy” rating and a $37.00 price target on the stock.
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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