November 23, 2016 - By Hazel Jackson
The director of Cray Inc and company’s insider Daniel Regis sold 11,569 shares of the public company based on $19.2 per each share. These shares around $221,989 U.S Dollars. Daniel Regis presently has rights to 0.12% of the Company’s market capitalization with ownership of 46,080 shares.
Out of 4 analysts covering Cray (NASDAQ:CRAY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $42 is the highest target while $30 is the lowest. The $35.33 average target is 79.80% above today’s ($19.65) stock price. Cray has been the topic of 9 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Tuesday, November 8 the stock rating was upgraded by Needham to “Buy”. Sidoti initiated the shares of CRAY in a report on Monday, March 7 with “Neutral” rating. Sidoti upgraded the shares of CRAY in a report on Tuesday, April 19 to “Buy” rating. The stock of Cray Inc. (NASDAQ:CRAY) earned “Hold” rating by Craig Hallum on Wednesday, May 4. The stock of Cray Inc. (NASDAQ:CRAY) has “Buy” rating given on Friday, February 12 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, November 8 report. The firm has “Buy” rating by Needham given on Friday, July 31. Needham maintained the shares of CRAY in a report on Friday, February 12 with “Buy” rating. On Wednesday, May 4 the stock rating was downgraded by Needham to “Hold”.
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.21, from 0.7 in 2016Q1. The ratio increased, as 40 funds sold all Cray Inc. shares owned while 57 reduced positions. 16 funds bought stakes while 52 increased positions. They now own 36.80 million shares or 3.14% less from 37.99 million shares in 2016Q1.
Gemmer Asset Management Limited, a California-based fund reported 26 shares. Ls Inv Limited Liability has 0% invested in the company for 1,432 shares. Lucus Advsrs Limited Company accumulated 0.29% or 11,662 shares. Prudential Financial holds 0.01% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 102,192 shares. Teachers Advsrs Inc, a New York-based fund reported 761,181 shares. Wellington Group Incorporated Llp accumulated 0% or 120,261 shares. Moreover, First Quadrant L P Ca has 0.02% invested in Cray Inc. (NASDAQ:CRAY) for 34,800 shares. Moreover, Hbk L P has 0.02% invested in Cray Inc. (NASDAQ:CRAY) for 84,100 shares. Deutsche Financial Bank Ag has 0% invested in the company for 184,471 shares. Legal General Grp Pcl accumulated 9,356 shares or 0% of the stock. Quantbot Tech L P holds 921 shares or 0% of its portfolio. State Bank Of Montreal Can accumulated 0% or 6,790 shares. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0% in Cray Inc. (NASDAQ:CRAY). Cornerstone Capital Limited Liability Corporation has 140,200 shares for 0.03% of their US portfolio. Rhumbline Advisers accumulated 53,970 shares or 0% of the stock.
Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 2 selling transactions for $455,348 net activity. Piraino Michael Charles sold $329,475 worth of Cray Inc. (NASDAQ:CRAY) on Tuesday, August 16. On Monday, November 7 the insider MORREALE CHARLES A sold $125,873.
The stock closed at $19.65 during the last session. It is down 51.07% since April 20, 2016 and is downtrending. It has underperformed by 55.63% the S&P500.
Cray Inc. designs, develops, manufactures, markets and services the high-end of the high performance computing market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The company has a market cap of $817.33 million. The Firm provides software, system maintenance, support services and engineering services related to supercomputer systems. It currently has negative earnings. The Company’s divisions are Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.
According to Zacks Investment Research, “Cray Inc., formerly Tera Computer Company, designs, builds and sells high-performance vector processor and general-purpose parallel computer systems. The company has leading edge technology, multiple product platforms, annual revenues, nearly 900 employees, major manufacturing and service capabilities, and extensive global customer relationships. (PRESS RELEASE)”
More news for Cray Inc. (NASDAQ:CRAY) were recently published by: Fool.com, which released: “Why Cray Inc. Is Plunging Today” on May 04, 2016. Globenewswire.com‘s article titled: “CORRECTING and REPLACING — Cray Inc.” and published on November 14, 2016 is yet another important article.
Cray Inc., incorporated on December 7, 1987, designs, develops, makes, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Firm provides software, system maintenance, support services and engineering services related to supercomputer systems. The Company’s clients include foreign and domestic governments, government-funded entities, academic institutions and commercial entities. The Company’s divisions are Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other. The Company’s products include Cray Supercomputing Systems, including Cray XC40-LC Supercomputer, Cray XC40-AC Supercomputer, Cray CS400-AC Supercomputer, Cray CS400-LC Supercomputer and Cray CS-Storm Supercomputer; Cray Analytics Products, including Cray Urika-GD Graph Discovery Appliance and Cray Urika-XA Extreme Analytics Platform, and Cray Storage and Data Management Products, including Cray Sonexion Storage Systems, Cray DataWarp Applications I/O Accelerator and Cray Tiered Adaptive Storage (TAS).
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