The EVP & CFO of Cray is Exercising Options

By Carrie Williams

Today, the EVP & CFO of Cray, Brian C. Henry , exercised options of Cray (NASDAQ: CRAY) for $11.22K.

Following this transaction Brian C. Henry’s holding in the company was increased by 4.78% to a total of $1.78 million. In addition to Brian C. Henry, one other CRAY executive reported Buy trades in the last month.

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Based on Cray’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $80.07 million and GAAP net loss of $25.01 million. In comparison, last year the company earned revenue of $59.03 million and had a GAAP net loss of $19.22 million. Currently, Cray has an average volume of 317.1K.

Starting in June 2016, CRAY received 23 Buy ratings in a row. Six different firms, including Craig-Hallum and KeyBanc, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $117.7K worth of CRAY shares and purchased $11.22K worth of CRAY shares. The insider sentiment on Cray has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Cray, Inc. engages in the design, development, manufacture, marketing, and servicing of computing products. It operates through the following segments: Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.