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 company’s stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at approximately $768,557.16. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brilliant Earth Group Price Performance

BRLT opened at $2.04 on Friday. The firm has a market cap of $201.05 million, a PE ratio of 68.00 and a beta of 1.68. The stock has a 50-day moving average price of $1.79 and a 200-day moving average price of $2.05. Brilliant Earth Group, Inc. has a 1 year low of $1.52 and a 1 year high of $3.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRLT. Privium Fund Management UK Ltd purchased a new stake in shares of Brilliant Earth Group during the second quarter valued at approximately $28,000. Orion Capital Management LLC lifted its position 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 valued at $28,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Brilliant Earth Group by 9.2% during the 2nd quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock valued at $262,000 after purchasing an additional 10,000 shares during the last quarter. 70.41% of the stock is owned by hedge funds and other 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.