Insider Selling: Brilliant Earth Group (NASDAQ:BRLT) Insider Sells $26,971.19 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 19,687 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $1.37, for a total value of $26,971.19. Following the transaction, the insider directly owned 446,736 shares in the company, valued at approximately $612,028.32. This represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Brilliant Earth Group Trading Up 9.6%

Shares of BRLT stock traded up $0.14 on Friday, reaching $1.60. 141,489 shares of the company’s stock were exchanged, compared to its average volume of 74,373. The company’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $2.05. Brilliant Earth Group, Inc. has a 52 week low of $1.26 and a 52 week high of $3.10. The stock has a market capitalization of $159.60 million, a PE ratio of -53.33 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRLT. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Wall Street Zen cut shares of Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Brilliant Earth Group in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brilliant Earth Group presently has an average rating of “Hold” and a consensus target price of $2.50.

Institutional Trading of Brilliant Earth Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Potomac Capital Management Inc. bought a new position in Brilliant Earth Group during the 4th quarter worth about $422,000. Two Sigma Investments LP purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter worth approximately $308,000. Capital World Investors lifted its position in shares of Brilliant Earth Group by 13.2% in the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after purchasing an additional 122,460 shares during the period. Vanguard Group Inc. boosted its stake in shares of Brilliant Earth Group by 13.2% during the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock valued at $1,254,000 after purchasing an additional 70,833 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Brilliant Earth Group during the third quarter valued at approximately $84,000. 70.41% of the stock is currently owned by institutional investors.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.