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


Berkshire Grey, Inc. (NASDAQ:BGRY – Get Rating) saw some unusual options trading on Wednesday. Stock traders bought 1,113 put options on the stock. This represents a 1,084% increase from the average volume of 94 put options.

Institutional investors and hedge funds have recently changed their holdings in the company. Citigroup Inc. acquired a new position in Berkshire Gray stock in Q3 worth $26,000. Raymond James Financial Services Advisors Inc. acquired a new equity stake in Berkshire Gray during Q1 valued at approximately $31,000. Arizona State Retirement System acquired a new equity stake in Berkshire Gray during Q4, valued at approximately $66,000. GSA Capital Partners LLP acquired a new stake in shares of Berkshire Gray during Q4 valued at approximately $66,000. Finally, Kalos Management Inc. acquired a new equity stake in Berkshire Gray during Q1 valued at approximately $34,000. Hedge funds and other institutional investors hold 81.41% of the company’s shares.

BGRY has been the subject of several analyst reports. 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 research report. Craig Hallum lowered his price target on Berkshire Gray from $15.00 to $8.00 in a Wednesday, March 30 research report.

NASDAQ BGRY shares opened at $1.46 on Thursday. The company’s 50-day moving average is $2.14 and its two-hundred-day moving average is $3.11. Berkshire Gray has a 1-year low of $1.43 and a 1-year high of $10.55. The company has a debt ratio of 0.07, a current ratio of 3.23 and a quick ratio of 3.17.

Berkshire Gray (NASDAQ:BGRY – Get Rating) last announced its quarterly results 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 in the quarter, compared to $4.36 million expected by analysts. On average, research analysts predict that Berkshire Gray will post an EPS of -0.56 for the current year.

About Berkshire Gray (Get an assessment)

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 fulfillment 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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