Brilliant Earth Group Inc (NASDAQ:BRLT) CEO Beth Tamara Gerstein Sells 77,484 Shares of Stock

Brilliant Earth Group Inc (NASDAQ:BRLT) CEO Beth Tamara Gerstein sold 77,484 shares of the company’s stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $15.35, for a total value of $1,189,379.40. The sale was disclosed in a filing with the SEC, which is available at this link.

Beth Tamara Gerstein also recently made the following trade(s):

  • On Friday, January 14th, Beth Tamara Gerstein sold 151,931 shares of Brilliant Earth Group stock. The shares were sold at an average price of $12.43, for a total transaction of $1,888,502.33.

Shares of NASDAQ:BRLT opened at $12.42 on Friday. Brilliant Earth Group Inc has a one year low of $10.63 and a one year high of $20.39. The company has a quick ratio of 2.15, a current ratio of 2.40 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $16.53.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings results on Friday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $95.20 million for the quarter, compared to analyst estimates of $87.10 million. The company’s revenue was up 33.3% compared to the same quarter last year. On average, research analysts forecast that Brilliant Earth Group Inc will post 0.3 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of BRLT. Millennium Management LLC bought a new position in Brilliant Earth Group in the third quarter valued at about $10,068,000. Citadel Advisors LLC bought a new stake in shares of Brilliant Earth Group during the third quarter worth about $6,031,000. Teacher Retirement System of Texas acquired a new position in shares of Brilliant Earth Group in the third quarter valued at approximately $5,025,000. Caas Capital Management LP bought a new position in Brilliant Earth Group in the 3rd quarter valued at approximately $5,025,000. Finally, Tudor Investment Corp Et Al acquired a new stake in Brilliant Earth Group during the 3rd quarter worth approximately $4,812,000. 93.58% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on BRLT. Jefferies Financial Group initiated coverage on Brilliant Earth Group in a research note on Monday, October 18th. They issued a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research cut shares of Brilliant Earth Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen started coverage on shares of Brilliant Earth Group in a research report on Monday, October 18th. They issued an “outperform” rating and a $17.00 price objective on the stock. William Blair began coverage on shares of Brilliant Earth Group in a report on Monday, October 18th. They set an “outperform” rating for the company. Finally, Credit Suisse Group upped their price target on shares of Brilliant Earth Group from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, November 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Brilliant Earth Group presently has an average rating of “Buy” and a consensus price target of $19.00.

Brilliant Earth Group Company Profile

Brilliant Earth Group Inc is a digital-first jewelry company. Brilliant Earth Group Inc is headquartered in San Francisco, CA.

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