Cray Inc. (NASDAQ:CRAY) has been given a consensus rating of “Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.00.

Several analysts have commented on CRAY shares. Zacks Investment Research cut shares of Cray from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. ValuEngine upgraded shares of Cray from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Finally, BidaskClub raised shares of Cray from a “sell” rating to a “hold” rating in a report on Friday, November 2nd.

NASDAQ CRAY traded up $0.72 on Thursday, hitting $26.00. 558,584 shares of the company’s stock traded hands, compared to its average volume of 300,906. Cray has a 1-year low of $18.76 and a 1-year high of $28.60.

Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.03). Cray had a negative net margin of 33.95% and a negative return on equity of 10.56%. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $90.58 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Cray will post -1.55 earnings per share for the current year.

In other news, VP Brian C. Henry sold 18,667 shares of Cray stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $24.19, for a total transaction of $451,554.73. Following the completion of the transaction, the vice president now directly owns 87,939 shares of the company’s stock, valued at approximately $2,127,244.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.10% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its holdings in Cray by 11.2% in the 3rd quarter. Teachers Advisors LLC now owns 169,008 shares of the technology company’s stock worth $3,634,000 after acquiring an additional 16,976 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Cray by 57.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 30,320 shares of the technology company’s stock worth $652,000 after acquiring an additional 11,030 shares in the last quarter. Putnam Investments LLC purchased a new stake in Cray in the 3rd quarter worth $983,000. Verition Fund Management LLC purchased a new stake in Cray in the 3rd quarter worth $585,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Cray by 19.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 436,867 shares of the technology company’s stock worth $9,393,000 after acquiring an additional 70,271 shares in the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

About Cray

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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