LiveWire Group, Inc. (NYSE:LVWR) Insider Jon Bekefy Sells 8,088 Shares

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) insider Jon Bekefy sold 8,088 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $8.14, for a total transaction of $65,836.32. Following the completion of the sale, the insider now directly owns 122,386 shares of the company's stock, valued at $996,222.04. This represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LiveWire Group Trading Down 10.2%

Shares of LVWR stock traded down $0.64 during mid-day trading on Friday, reaching $5.62. The stock had a trading volume of 922,982 shares, compared to its average volume of 1,008,799. The stock's 50-day moving average price is $2.60 and its two-hundred day moving average price is $3.21. LiveWire Group, Inc. has a 52-week low of $0.93 and a 52-week high of $9.04. The firm has a market capitalization of $1.14 billion, a PE ratio of -12.22 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. The firm had revenue of $2.74 million during the quarter.

Hedge Funds Weigh In On LiveWire Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock valued at $35,000 after buying an additional 3,167 shares during the period. Nuveen LLC purchased a new position in shares of LiveWire Group during the first quarter valued at about $43,000. Wexford Capital LP purchased a new position in shares of LiveWire Group during the fourth quarter valued at about $87,000. Charles Schwab Investment Management Inc. increased its position in shares of LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after buying an additional 5,968 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock valued at $320,000 after buying an additional 36,357 shares during the period. Hedge funds and other institutional investors own 0.88% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of LiveWire Group to a "sell" rating in a research report on Saturday.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.