Berkshire Grey Target of Unusually High Options Trading (NASDAQ:BGRY)

Berkshire Grey, Inc. (NASDAQ:BGRY – Get Rating) saw some unusual options trading activity on Wednesday. Stock investors acquired 1,113 put options on the stock. This is an increase of 1,084% compared to the typical daily volume of 94 put options.

Institutional Investors Weigh In On Berkshire Grey

Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new stake in shares of Berkshire Grey in the 2nd quarter valued at approximately $29,000. Raymond James Financial Services Advisors Inc. bought a new position in Berkshire Grey in the 1st quarter valued at approximately $31,000. American International Group Inc. bought a new position in Berkshire Grey in the 2nd quarter valued at approximately $33,000. Black Swift Group LLC bought a new position in Berkshire Grey in the 3rd quarter valued at approximately $34,000. Finally, Virtu Financial LLC bought a new position in Berkshire Grey in the 3rd quarter valued at approximately $34,000. 80.99% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, Craig Hallum downgraded shares of Berkshire Grey from a “buy” rating to a “hold” rating and decreased their price target for the company from $2.50 to $1.40 in a research note on Monday, March 27th.

Berkshire Grey Trading Down 0.7 %

Shares of Berkshire Grey stock opened at $1.37 on Thursday. The company has a market capitalization of $327.50 million, a price-to-earnings ratio of -3.19 and a beta of 1.77. The company has a quick ratio of 2.62, a current ratio of 2.86 and a debt-to-equity ratio of 0.02. Berkshire Grey has a 12-month low of $0.51 and a 12-month high of $2.95. The firm’s 50-day moving average price is $1.30 and its two-hundred day moving average price is $1.20.

About Berkshire Grey

(Get Rating)

Berkshire Grey, Inc, an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company's solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders.

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