Cray Inc (NASDAQ:CRAY) SVP Charles A. Morreale sold 42,680 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cray Inc (NASDAQ:CRAY) opened at $20.75 on Friday. The firm has a market cap of $839.09, a P/E ratio of 296.43 and a beta of 1.64. Cray Inc has a 52-week low of $16.10 and a 52-week high of $22.55.

Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Monday, October 30th. The technology company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.16. The firm had revenue of $79.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned ($0.49) earnings per share. equities analysts predict that Cray Inc will post -1.14 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on CRAY. Zacks Investment Research lowered shares of Cray from a “strong-buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company began coverage on shares of Cray in a research report on Tuesday, November 14th. They issued an “outperform” rating and a $26.00 price target for the company. KeyCorp reissued a “buy” rating and issued a $24.00 price target on shares of Cray in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 price target on shares of Cray in a research report on Wednesday, August 16th. Finally, BidaskClub raised shares of Cray from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.40.

A number of institutional investors and hedge funds have recently modified their holdings of CRAY. Strs Ohio bought a new position in Cray during the third quarter valued at approximately $101,000. SG Americas Securities LLC bought a new position in Cray during the third quarter valued at approximately $124,000. State of Alaska Department of Revenue raised its position in Cray by 77.3% during 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 acquiring an additional 3,479 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Cray by 3.6% during 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 acquiring an additional 330 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Cray by 59.6% during the second quarter. BNP Paribas Arbitrage SA now owns 13,393 shares of the technology company’s stock valued at $246,000 after acquiring an additional 5,001 shares in the last quarter. 97.85% of the stock is currently owned by hedge funds and other institutional investors.

About Cray

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.

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