The SVP of Products of Cray (NASDAQ: CRAY) is Selling Shares

By George MacDonald

Yesterday, the SVP of Products of Cray (NASDAQ: CRAY), Ryan Waite, sold shares of CRAY for $60.44k.

Following Ryan Waite’s last CRAY Sell transaction on December 03, 2015, the stock climbed by 7.4%. In addition to Ryan Waite, 4 other CRAY executives reported Sell trades in the last month.

Based on Cray`s latest earnings report from December 31, the company posted quarterly revenue of $267.5M and quarterly net profit of $20.3M. In comparison, last year the company earned revenue of $261.9M and had a net profit of $74.64M. The company has a one year high of $43.73 and a one year low of $18. CRAY’s market cap is $1.74B and the company has a P/E ratio of 61.2%.

Looking at blogger coverage of CRAY, there is a 80% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Cray has been negative based on 39 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Cray Inc designs, develops, and supports high-performance computer systems, commonly known as supercomputers and/or clusters, and provide storage solutions, software and engineering services related to HPC systems.