Shares of Cray Inc. (NASDAQ:CRAY) have received an average recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $32.50.
Several analysts have recently commented on the stock. BidaskClub lowered shares of Cray from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research raised shares of Cray from a “sell” rating to a “hold” rating in a research report on Tuesday, December 4th. Finally, ValuEngine lowered shares of Cray from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd.
CRAY traded up $0.44 during trading on Tuesday, reaching $22.38. The company’s stock had a trading volume of 229,995 shares, compared to its average volume of 223,979. Cray has a 1 year low of $18.76 and a 1 year high of $28.60. The firm has a market capitalization of $913.93 million, a price-to-earnings ratio of -22.16 and a beta of 1.40.
In other Cray news, SVP Michael Charles Piraino sold 20,000 shares of the business’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $25.09, for a total value of $501,800.00. Following the completion of the transaction, the senior vice president now owns 68,230 shares in the company, valued at $1,711,890.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Charles A. Morreale sold 30,518 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $26.06, for a total transaction of $795,299.08. Following the completion of the transaction, the senior vice president now owns 75,747 shares of the company’s stock, valued at approximately $1,973,966.82. The disclosure for this sale can be found here. Insiders sold a total of 69,185 shares of company stock valued at $1,748,654 in the last quarter. 4.10% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cray by 83.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,240 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,478 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Cray during the third quarter worth $114,000. Bank of Montreal Can grew its stake in shares of Cray by 1,179.7% during the third quarter. Bank of Montreal Can now owns 6,232 shares of the technology company’s stock worth $134,000 after purchasing an additional 5,745 shares in the last quarter. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of Cray during the third quarter worth $215,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Cray during the third quarter worth $217,000. Institutional investors and hedge funds own 97.22% of the company’s stock.
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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