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

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) insider Sharon Dziesietnik sold 20,792 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.50, for a total transaction of $31,188.00. Following the completion of the transaction, the insider now directly owns 371,329 shares of the company's stock, valued at $556,993.50. This trade represents a 5.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $1.96, for a total transaction of $10,435.04.

Brilliant Earth Group Stock Down 2.4 %

NASDAQ BRLT traded down $0.04 on Friday, reaching $1.40. The company had a trading volume of 79,684 shares, compared to its average volume of 92,355. The firm has a market capitalization of $137.48 million, a price-to-earnings ratio of 46.52 and a beta of 1.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.27 and a current ratio of 2.80. Brilliant Earth Group, Inc. has a 1-year low of $1.25 and a 1-year high of $3.21. The company's fifty day moving average is $1.84 and its 200-day moving average is $1.89.

Hedge Funds Weigh In On Brilliant Earth Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Brilliant Earth Group in the 4th quarter worth $25,000. Orion Capital Management LLC boosted its stake in Brilliant Earth Group by 166.0% in the 3rd quarter. Orion Capital Management LLC now owns 13,300 shares of the company's stock worth $28,000 after purchasing an additional 8,300 shares during the period. XTX Topco Ltd acquired a new position in Brilliant Earth Group in the 4th quarter worth $38,000. Millennium Management LLC acquired a new position in shares of Brilliant Earth Group during the 4th quarter worth about $65,000. Finally, Impact Investors Inc acquired a new position in shares of Brilliant Earth Group during the 4th quarter worth about $103,000. 70.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Brilliant Earth Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $4.00 to $1.60 in a report on Tuesday, February 4th. Telsey Advisory Group lowered shares of Brilliant Earth Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $3.00 to $2.00 in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.40.

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.