BidaskClub lowered shares of Cray (NASDAQ:CRAY) from a hold rating to a sell rating in a report released on Thursday.

A number of other brokerages have also recently weighed in 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 issued a $24.00 price objective 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 issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $24.40.

Shares of Cray (NASDAQ CRAY) opened at $22.40 on Thursday. Cray has a one year low of $16.10 and a one year high of $24.25. The firm has a market cap of $905.81, a price-to-earnings ratio of 320.00 and a beta of 1.69.

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, topping the Zacks’ consensus estimate of ($0.49) by $0.16. Cray had a net margin of 2.71% and a return on equity of 0.73%. The business had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $59.67 million. During the same period in the previous year, the company earned ($0.49) earnings per share. Cray’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts forecast that Cray will post -1.14 EPS for the current fiscal year.

In related news, SVP Charles A. Morreale sold 42,680 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were 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 can be accessed through this hyperlink. Also, SVP Michael Charles Piraino sold 1,100 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 43,484 shares of the company’s stock, valued at $1,000,132. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,005 shares of company stock valued at $1,534,913. Corporate insiders own 4.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Cray by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,620,407 shares of the technology company’s stock valued at $66,615,000 after buying an additional 118,976 shares during the period. Dimensional Fund Advisors LP increased its holdings in Cray by 15.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,264,358 shares of the technology company’s stock valued at $44,042,000 after buying an additional 304,378 shares during the period. NWQ Investment Management Company LLC increased its holdings in Cray by 66.7% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,475,548 shares of the technology company’s stock valued at $28,699,000 after buying an additional 590,325 shares during the period. Bank of New York Mellon Corp increased its holdings in Cray by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,311,088 shares of the technology company’s stock valued at $25,502,000 after buying an additional 20,811 shares during the period. Finally, American Century Companies Inc. increased its holdings in Cray by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 989,616 shares of the technology company’s stock valued at $19,248,000 after buying an additional 57,313 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

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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.

Analyst Recommendations for Cray (NASDAQ:CRAY)

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