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Cray (NASDAQ:CRAY) Director Frank L. Lederman sold 15,748 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $26.55, for a total transaction of $418,109.40. Following the completion of the sale, the director now directly owns 42,440 shares of the company’s stock, valued at approximately $1,126,782. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cray (NASDAQ:CRAY) traded up 1.31% during mid-day trading on Thursday, hitting $27.01. 250,848 shares of the company’s stock traded hands. Cray has a 52 week low of $21.30 and a 52 week high of $42.09. The stock’s 50-day moving average is $28.09 and its 200-day moving average is $30.6. The company has a market cap of $1.043 billion and a P/E ratio of 52.27.

Cray (NASDAQ:CRAY) last announced its earnings results on Tuesday, July 29th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. 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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