Cray Inc. (NASDAQ:CRAY) insider has recently participated in insider trading activity. Director, KIELY STEPHEN C sold 3,000 shares for $105,621 via one transaction Feb 16. Following the transaction, the insider now owns 22,492 shares in total, priced at $944439.08 as of Thursday. Another notable insider trading was done by the same insider on May 18. KIELY STEPHEN C Sold 6,000 shares at an average price of $30.00 for a total of $180,000. Moreover, MORREALE CHARLES A carried out a sale of 19,688 shares at $33.71 each on Nov 19. The transaction amounted to $663,749. SVP Admin, GC & Corp Sec Piraino Michael Charles sold 12,912 shares for $301,648 through one transaction Aug 14. Following this sale, this insider’s stake in the company comprises 52,088 shares, priced at $2187175.12 as of Thursday.
The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 38 times by insiders. In 32 of these trades, the insider was a seller while an employee of the company was the buyer in just 6 instances.
Cray Inc. (CRAY) on February 11, 2016 announced financial results for the year and fourth quarter ended December 31, 2015.
All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release.
For 2015, Cray reported total revenue of $724.7 million, which compares with $561.6 million for 2014. Net income for 2015 was $27.5 million, or $0.68 per diluted share, compared to $62.3 million, or $1.54 per diluted share for 2014. Net income results for 2014 benefited from a $52.6 million income tax benefit which was driven by a reduction of substantially all of the valuation allowance held against the Company’s deferred tax assets. Non-GAAP net income, which adjusts for selected unusual and non-cash items, was $53.0 million, or $1.30 per diluted share for 2015, compared to $24.3 million, or $0.60 per diluted share for 2014.
“We had an outstanding year, highlighted by record revenue, strong profitability, and excellent growth on the commercial side of our business,” said Peter Ungaro, president and CEO of Cray. “Our momentum of new awards has also continued, with the European Centre for Medium-Range Weather Forecasts’ recent announcement to significantly upgrade and expand its Cray supercomputer and storage. We continue to make significant progress in our three focus areas of supercomputing, storage and analytics, with major refreshes in each planned for 2016. I’m excited about our growth path as we’re well positioned to again drive revenue growth and higher profits in 2016.”
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