Stock traders buy high volume of put options on Berkshire Gray (NASDAQ:BGRY)

Berkshire Grey, Inc. (NASDAQ:BGRY – Get Rating) was the recipient of some unusual options trades on Wednesday. Equity investors bought 1,113 put options on the company. This is a 1,084% increase from the average volume of 94 put options.

Several large investors have recently changed their positions in BGRY. Citigroup Inc. bought a new position in Berkshire Gray stock during Q3 for $26,000. Charles Schwab Investment Management Inc. increased its stake in Berkshire Gray by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 201,346 shares of the company worth $580,000 after purchasing an additional 5,006 shares in the last quarter. State Street Corp increased its stake in Berkshire Gray by 4.8% in the first quarter. State Street Corp now owns 152,266 shares of the company worth $439,000 after acquiring 7,011 additional shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Berkshire Gray by 20.5% in the first quarter. Goldman Sachs Group Inc. now owns 46,144 shares of the company worth $133,000 after acquiring 7,841 additional shares in the last quarter. Finally, the Swiss National Bank increased its stake in Berkshire Gray by 8.1% in the 1st quarter. The Swiss National Bank now owns 105,900 shares in the company worth $305,000 after acquiring an additional 7,900 shares in the last quarter. 81.41% of the shares are currently held by institutional investors.

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Berkshire Gray stock opened at $1.46 on Thursday. Berkshire Gray has a 12-month low of $1.43 and a 12-month high of $10.55. The company has a current ratio of 3.23, a quick ratio of 3.17 and a debt ratio of 0.07. The stock has a 50-day moving average price of $2.14 and a 200-day moving average price of $3.11.

Berkshire Gray Inc (NASDAQ:BGRY – Get Rating) last released quarterly earnings data on Thursday, May 12. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analyst consensus estimates of ($0.12). The company posted revenue of $5.49 million for the quarter, versus a consensus estimate of $4.36 million. As a group, stock analysts predict Berkshire Gray will post -0.56 earnings per share for the current fiscal year.

A number of brokerages have commented on BGRY. Credit Suisse Group lowered its price target on Berkshire Gray from $10.00 to $8.00 and set an “outperform” rating on the stock in a Wednesday, March 30 report. Craig Hallum reduced his target price on Berkshire Gray from $15.00 to $8.00 in a Wednesday, March 30 report.

Berkshire Gray Company Profile (Get a rating)

Berkshire Grey, Inc, an intelligent enterprise robotics company, provides AI-powered robotic solutions that automate supply chain operations in the United States and Japan. The company’s solutions automate the processing of e-commerce orders for consumers or businesses, the fulfillment of orders to restock retail stores and grocery stores, and the management of packages shipped to fulfill those orders.

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