Lido Advisors LLC lowered its stake in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 95.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,178 shares of the company's stock after selling 1,856,308 shares during the quarter. Lido Advisors LLC owned about 0.27% of Luminar Technologies worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Luminar Technologies by 469.2% in the 3rd quarter. Barclays PLC now owns 842,288 shares of the company's stock worth $757,000 after buying an additional 694,315 shares during the last quarter. Virtu Financial LLC purchased a new position in Luminar Technologies in the third quarter worth $316,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Luminar Technologies during the fourth quarter worth $1,452,000. MYDA Advisors LLC purchased a new stake in shares of Luminar Technologies during the 4th quarter valued at $480,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Luminar Technologies in the 4th quarter worth $192,000. Hedge funds and other institutional investors own 30.99% of the company's stock.
Luminar Technologies Price Performance
LAZR traded up $0.18 on Friday, reaching $4.16. 1,906,759 shares of the stock were exchanged, compared to its average volume of 1,946,872. The company's 50-day moving average price is $4.81 and its 200 day moving average price is $6.91. The firm has a market capitalization of $176.34 million, a PE ratio of -0.31 and a beta of 2.06. Luminar Technologies, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $32.70.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group decreased their price target on Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Luminar Technologies has a consensus rating of "Hold" and a consensus price target of $53.86.
Read Our Latest Report on Luminar Technologies
About Luminar Technologies
(
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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