Brilliant Earth Group, Inc. (NASDAQ:BRLT) Insider Sharon Dziesietnik Sells 20,792 Shares

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 20,792 shares of the company’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 value of $31,188.00. Following the transaction, the insider now owns 371,329 shares of the company’s stock, valued at approximately $556,993.50. This trade represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $1.96, for a total transaction of $10,435.04.

Brilliant Earth Group Price Performance

Brilliant Earth Group stock opened at $1.40 on Thursday. The business’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $1.90. The company has a quick ratio of 2.27, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The stock has a market cap of $137.97 million, a price-to-earnings ratio of 46.68 and a beta of 1.58. Brilliant Earth Group, Inc. has a 12-month low of $1.25 and a 12-month high of $3.21.

Wall Street Analyst Weigh In

BRLT has been the subject of several research reports. Telsey Advisory Group cut Brilliant Earth Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $3.00 to $2.00 in a research report on Thursday, December 19th. Jefferies Financial Group downgraded Brilliant Earth Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $4.00 to $1.60 in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.40.

Institutional Trading of Brilliant Earth Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Brilliant Earth Group during the fourth quarter worth $25,000. Orion Capital Management LLC raised its stake in Brilliant Earth Group by 166.0% during the 3rd quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock worth $28,000 after buying an additional 8,300 shares during the period. XTX Topco Ltd bought a new position in Brilliant Earth Group during the fourth quarter worth about $38,000. Millennium Management LLC acquired a new position in Brilliant Earth Group in the fourth quarter valued at about $65,000. Finally, Impact Investors Inc bought a new stake in shares of Brilliant Earth Group in the fourth quarter worth about $103,000. 70.41% of the stock is owned by institutional investors.

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.