Insider Selling: AEye, Inc. (NASDAQ:LIDR) Director Sells 6,000 Shares of Stock

Key Points

• Luis Dussan, a director at AEye, Inc., sold 6,000 shares of the company at an average price of $4.00, reducing his ownership by 16.67% to a total of 30,000 shares.
• AEye shares experienced a significant increase, trading up 51.9% to reach $4.44, with trading volume far exceeding the average.
• Wall Street analysts upgraded AEye's stock rating from "sell" to "hold", indicating potential growth and improving investor sentiment.

AEye, Inc. (NASDAQ:LIDR - Get Free Report) Director Luis Dussan sold 6,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $4.00, for a total transaction of $24,000.00. Following the sale, the director owned 30,000 shares of the company's stock, valued at approximately $120,000. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

AEye Trading Down 16.0%

Shares of LIDR traded down $0.65 during trading hours on Tuesday, hitting $3.40. 29,689,822 shares of the stock were exchanged, compared to its average volume of 43,638,440. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.50 and a quick ratio of 2.49. The firm has a market capitalization of $65.38 million, a P/E ratio of -0.96 and a beta of 2.77. The business has a 50-day moving average of $1.08 and a 200-day moving average of $0.86. AEye, Inc. has a fifty-two week low of $0.49 and a fifty-two week high of $6.44.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of AEye from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th.

Institutional Investors Weigh In On AEye

A number of large investors have recently bought and sold shares of LIDR. Millennium Management LLC acquired a new stake in AEye in the fourth quarter worth $32,000. Commonwealth Equity Services LLC acquired a new stake in AEye in the fourth quarter worth $43,000. Two Sigma Securities LLC acquired a new stake in AEye in the fourth quarter worth $66,000. Virtu Financial LLC acquired a new stake in AEye in the fourth quarter worth $77,000. Finally, Citadel Advisors LLC acquired a new position in shares of AEye during the fourth quarter valued at about $92,000. 21.58% of the stock is currently owned by institutional investors and hedge funds.

About AEye

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.