Brilliant Earth Group, Inc. (NASDAQ:BRLT) Insider Sells $31,188.00 in Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 20,792 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total transaction of $31,188.00. Following the sale, the insider now directly owns 371,329 shares in the company, valued at $556,993.50. The trade was a 5.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sharon Dziesietnik also recently made the following trade(s):

• On Friday, December 13th, Sharon Dziesietnik sold 5,324 shares of Brilliant Earth Group stock. The stock was sold at an average price of $1.96, for a total transaction of $10,435.04.

Brilliant Earth Group Price Performance

Shares of NASDAQ BRLT opened at $1.44 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. The firm has a fifty day moving average of $1.86 and a 200 day moving average of $1.90. The firm has a market cap of $141.91 million, a PE ratio of 48.02 and a beta of 1.58. Brilliant Earth Group, Inc. has a one year low of $1.25 and a one year high of $3.21.

Institutional Trading of Brilliant Earth Group

A number of institutional investors and hedge funds have recently modified their holdings of BRLT. U.S. Capital Wealth Advisors LLC purchased a new position in Brilliant Earth Group in the 4th quarter valued at about $128,000. Orion Capital Management LLC raised its holdings in shares of Brilliant Earth Group by 166.0% during the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock valued at $28,000 after acquiring an additional 8,300 shares during the last quarter. Klingman & Associates LLC acquired a new position in shares of Brilliant Earth Group during the fourth quarter valued at approximately $193,000. Millennium Management LLC purchased a new position in shares of Brilliant Earth Group in the fourth quarter valued at approximately $65,000. Finally, Jane Street Group LLC acquired a new stake in shares of Brilliant Earth Group in the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BRLT shares. Jefferies Financial Group downgraded shares of Brilliant Earth Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $4.00 to $1.60 in a research report on Tuesday, February 4th. Telsey Advisory Group lowered Brilliant Earth Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $3.00 to $2.00 in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.40.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.