Legal & General Group Plc trimmed its position in Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 97.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,621 shares of the company's stock after selling 264,417 shares during the quarter. Legal & General Group Plc's holdings in Luminar Technologies were worth $41,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LAZR. DnB Asset Management AS acquired a new position in Luminar Technologies in the 4th quarter worth approximately $91,000. Entropy Technologies LP acquired a new stake in shares of Luminar Technologies in the fourth quarter worth $97,000. SBI Securities Co. Ltd. purchased a new position in shares of Luminar Technologies during the fourth quarter worth $155,000. Aristides Capital LLC acquired a new position in Luminar Technologies during the fourth quarter valued at $176,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Luminar Technologies in the fourth quarter valued at $1,452,000. Institutional investors own 30.99% of the company's stock.
Luminar Technologies Stock Up 2.9 %
Shares of NASDAQ:LAZR traded up $0.11 on Wednesday, reaching $3.85. 685,409 shares of the company's stock were exchanged, compared to its average volume of 1,950,459. Luminar Technologies, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $34.80. The business's 50-day moving average is $4.84 and its two-hundred day moving average is $7.05. The firm has a market capitalization of $163.20 million, a price-to-earnings ratio of -0.29 and a beta of 2.06.
Analyst Ratings Changes
Separately, The Goldman Sachs Group lowered their price objective on Luminar Technologies from $3.50 to $2.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Luminar Technologies has a consensus rating of "Hold" and a consensus price target of $53.86.
Read Our Latest Report on LAZR
Luminar Technologies Company Profile
(
Free Report)
Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.
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