The stock of Cray Inc. (NASDAQ:CRAY) is a huge mover today! About 249,598 shares traded hands. Cray Inc. (NASDAQ:CRAY) has declined 54.45% since April 4, 2016 and is downtrending. It has underperformed by 55.54% the S&P500.
The move comes after 5 months positive chart setup for the $763.71 million company. It was reported on Nov, 4 by Barchart.com. We have $27.66 PT which if reached, will make NASDAQ:CRAY worth $297.85 million more.
Cray Inc. (NASDAQ:CRAY) Ratings Coverage
Out of 4 analysts covering Cray (NASDAQ:CRAY), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Cray has been the topic of 7 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Friday, February 12. The stock has “Buy” rating given by Sidoti on Tuesday, April 19. The firm has “Hold” rating by Needham given on Wednesday, May 4. On Friday, July 31 the stock rating was maintained by Needham with “Buy”. As per Friday, February 12, the company rating was maintained by Needham. The stock has “Hold” rating given by Craig Hallum on Wednesday, May 4. Sidoti initiated the shares of CRAY in a report on Monday, March 7 with “Neutral” rating.
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)”
Insitutional Activity: The institutional sentiment decreased to 0.7 in Q2 2016. Its down 1.48, from 2.18 in 2016Q1. The ratio dropped, 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.
Blackrock Institutional Na, a California-based fund reported 986,196 shares. Paloma Prtn reported 33,804 shares or 0.01% of all its holdings. Product Partners Limited Co holds 13,039 shares or 0.03% of its portfolio. Piermont Mngmt has 33,841 shares for 0.26% of their US portfolio. Vanguard has 3.43M shares for 0.01% of their US portfolio. Paradigm Capital Mngmt Ny last reported 736,100 shares in the company. Secor Advisors Limited Partnership has invested 0.04% of its portfolio in Cray Inc. (NASDAQ:CRAY). Renaissance Group Ltd Liability Corporation owns 8,556 shares or 0.01% of their US portfolio. Bank & Trust Of America Corp De last reported 8,397 shares in the company. Dimensional Fund Advisors L P has 1.30 million shares for 0.02% of their US portfolio. Primecap Co Ca holds 0.04% of its portfolio in Cray Inc. (NASDAQ:CRAY) for 1.17M shares. Pnc Financial Svcs Gru has invested 0% of its portfolio in Cray Inc. (NASDAQ:CRAY). Blackrock Fund holds 0.02% or 2.57 million shares in its portfolio. State Street Corporation has invested 0% of its portfolio in Cray Inc. (NASDAQ:CRAY). Sector Pension Inv Board has 0.01% invested in the company for 28,700 shares.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 1 sale for $329,475 net activity. Piraino Michael Charles also sold $329,475 worth of Cray Inc. (NASDAQ:CRAY) on Tuesday, August 16. $65,162 worth of Cray Inc. (NASDAQ:CRAY) was sold by KIELY STEPHEN C on Thursday, May 5.
More recent Cray Inc. (NASDAQ:CRAY) news were published by: Fool.com which released: “Why Cray Inc. Is Plunging Today” on May 04, 2016. Also Fool.com published the news titled: “Why Cray, Inc. Fell 27% in August” on September 08, 2016. Wsj.com‘s news article titled: “Cray’s Stock Plunges Due to Smoke and Wider Than Expected Losses” with publication date: August 03, 2016 was also an interesting one.
CRAY Company Profile
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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