AEye, Inc. (NASDAQ:LIDR) Director Luis Dussan Sells 6,000 Shares

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 AEye stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $4.00, for a total transaction of $24,000.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at $120,000. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AEye Trading Up 51.9%

Shares of AEye stock traded up $1.52 on Friday, reaching $4.44. The company had a trading volume of 329,395,675 shares, compared to its average volume of 6,624,778. The firm's 50 day moving average price is $0.94 and its two-hundred day moving average price is $0.85. The firm has a market cap of $85.29 million, a PE ratio of -1.25 and a beta of 2.77. AEye, Inc. has a 52-week low of $0.49 and a 52-week high of $5.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 2.50.

Wall Street Analysts Forecast Growth

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

Institutional Trading of AEye

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of AEye in the 4th quarter valued at approximately $32,000. Commonwealth Equity Services LLC purchased a new stake in shares of AEye in the 4th quarter valued at approximately $43,000. Two Sigma Securities LLC purchased a new stake in shares of AEye in the 4th quarter valued at approximately $66,000. Virtu Financial LLC purchased a new position in shares of AEye in the 4th quarter valued at $77,000. Finally, Citadel Advisors LLC purchased a new position in shares of AEye in the 4th quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.