Cray (NASDAQ:CRAY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently commented on CRAY. ValuEngine upgraded shares of Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. TheStreet upgraded shares of Cray from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. Craig Hallum upgraded shares of Cray from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Zacks Investment Research cut shares of Cray from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, KeyCorp restated a “buy” rating and set a $24.00 price target on shares of Cray in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Cray presently has a consensus rating of “Buy” and a consensus price target of $24.40.

Shares of Cray (NASDAQ CRAY) traded up $0.45 on Thursday, reaching $22.40. 165,455 shares of the company’s stock were exchanged, compared to its average volume of 260,016. The company has a market capitalization of $887.61, a PE ratio of 313.57 and a beta of 1.69. Cray has a 1 year low of $16.10 and a 1 year high of $24.25.

Cray (NASDAQ:CRAY) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.16. The firm had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $59.67 million. Cray had a net margin of 2.71% and a return on equity of 0.73%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.49) earnings per share. research analysts predict that Cray will post -1.14 earnings per share for the current year.

In other news, SVP Michael Charles Piraino sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.00, for a total transaction of $25,300.00. Following the completion of the sale, the senior vice president now owns 43,484 shares of the company’s stock, valued at $1,000,132. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Charles A. Morreale sold 42,680 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total transaction of $826,711.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,005 shares of company stock valued at $1,534,913. Company insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRAY. Strs Ohio acquired a new stake in shares of Cray in the third quarter valued at approximately $101,000. SG Americas Securities LLC acquired a new stake in shares of Cray in the third quarter valued at approximately $124,000. State of Alaska Department of Revenue increased its holdings in shares of Cray by 77.3% in the second quarter. State of Alaska Department of Revenue now owns 7,979 shares of the technology company’s stock valued at $146,000 after purchasing an additional 3,479 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Cray by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the technology company’s stock valued at $177,000 after purchasing an additional 330 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Cray by 59.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock valued at $246,000 after purchasing an additional 5,001 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

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Cray Company Profile

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

Analyst Recommendations for Cray (NASDAQ:CRAY)

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