AEye (NASDAQ:LIDR) Director Luis Dussan Sells 38,900 Shares

Key Points

• AEye Director Luis Dussan sold 38,900 shares of the company's stock at an average price of $2.66, resulting in a total transaction value of $103,474.
• Following the sale, Dussan's ownership in AEye decreased by 16.29%, leaving him with approximately 199,932 shares valued at $531,819.12.
• In midday trading, AEye's stock price increased by 20.1%, reaching $3.28, with a significant trading volume of nearly 16.9 million shares.

AEye, Inc. (NASDAQ:LIDR - Get Free Report) Director Luis Dussan sold 38,900 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $2.66, for a total transaction of $103,474.00. Following the completion of the transaction, the director owned 199,932 shares of the company's stock, valued at approximately $531,819.12. The trade was a 16.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Luis Dussan also recently made the following trade(s):

• On Thursday, July 24th, Luis Dussan sold 6,000 shares of AEye stock. The stock was sold at an average price of $4.00, for a total value of $24,000.00.

AEye Stock Up 20.1%

Shares of AEye stock traded up $0.55 during midday trading on Monday, hitting $3.28. The company's stock had a trading volume of 16,898,966 shares, compared to its average volume of 8,308,122. The firm has a market capitalization of $131.00 million, a P/E ratio of -1.14 and a beta of 3.00. The stock has a 50-day simple moving average of $1.86 and a 200-day simple moving average of $1.10. The company has a quick ratio of 1.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. AEye, Inc. has a 1-year low of $0.49 and a 1-year high of $6.44.

Hedge Funds Weigh In On AEye

Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new position in AEye during the fourth quarter valued at about $32,000. Thompson Davis & CO. Inc. acquired a new stake in shares of AEye in the second quarter worth $34,000. Two Sigma Securities LLC acquired a new stake in shares of AEye in the fourth quarter worth $66,000. Citadel Advisors LLC acquired a new stake in shares of AEye in the fourth quarter worth $92,000. Finally, Two Sigma Investments LP lifted its stake in shares of AEye by 462.0% in the fourth quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock worth $95,000 after buying an additional 61,437 shares during the last quarter. 21.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut AEye from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

AEye Company Profile

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.

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