Insider Selling: Brilliant Earth Group, Inc. (NASDAQ:BRLT) Insider Sells 5,324 Shares of Stock

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 5,324 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.96, for a total value of $10,435.04. Following the sale, the insider now directly owns 392,121 shares of the company’s stock, valued at approximately $768,557.16. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Brilliant Earth Group Stock Up 4.1 %

BRLT stock opened at $2.04 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. The stock has a market capitalization of $201.04 million, a P/E ratio of 68.02 and a beta of 1.68. Brilliant Earth Group, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.81. The business has a 50-day moving average of $1.79 and a 200-day moving average of $2.05.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price target on shares of Brilliant Earth Group in a report on Friday, November 1st.

Hedge Funds Weigh In On Brilliant Earth Group

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Brilliant Earth Group by 9.2% during the 2nd quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock worth $262,000 after buying an additional 10,000 shares during the last quarter. Privium Fund Management UK Ltd bought a new stake in Brilliant Earth Group during the second quarter worth about $28,000. Finally, Orion Capital Management LLC boosted its position in 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 purchasing an additional 8,300 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

About Brilliant Earth Group

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.