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

Brilliant Earth Group, Inc. (NASDAQ:BRLT) insider Sharon Dziesietnik sold 5,324 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.96, for a total transaction of $10,435.04. Following the completion of the sale, the insider now owns 392,121 shares of the company’s stock, valued at approximately $768,557.16. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brilliant Earth Group Price Performance

Shares of BRLT stock traded up $0.08 during trading on Friday, hitting $2.04. The company had a trading volume of 45,760 shares, compared to its average volume of 54,570. The firm 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 one year low of $1.52 and a one year high of $3.81. 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 stock’s 50-day moving average price is $1.79 and its 200 day moving average price is $2.05.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Privium Fund Management UK Ltd bought a new position in Brilliant Earth Group in the second quarter valued at approximately $28,000. Orion Capital Management LLC boosted its stake in Brilliant Earth Group by 166.0% in the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock valued at $28,000 after buying an additional 8,300 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Brilliant Earth Group by 9.2% in the second quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock valued at $262,000 after acquiring an additional 10,000 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.