CIBC Private Wealth Group LLC now owns 16,500 shares of the company’s stock valued at $279,000 after acquiring an additional 1,000 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Luminar Technologies by 6.5% during the fourth quarter. Clearwater Capital Advisors LLC now owns 40,859 shares of the company’s stock valued at $639,000 after buying an additional 900 shares during the period. Clearwater Capital Advisors LLC grew its stake in shares of Luminar Technologies by 2.3% in the 1st quarter. 43.25% of the stock is owned by corporate insiders.Ī number of hedge funds have recently added to or reduced their stakes in the stock. Over the last quarter, insiders have purchased 330,000 shares of company stock valued at $3,122,700. The disclosure for this sale can be found here. The stock was sold at an average price of $14.09, for a total transaction of $2,651,343.48.
Also, Director Jun Hong Heng sold 188,172 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Following the transaction, the chief executive officer now owns 455,000 shares of the company’s stock, valued at approximately $4,044,950. The stock was acquired at an average price of $8.89 per share, with a total value of $2,667,000.00. In other news, CEO Austin Russell bought 300,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. Equities analysts expect that Luminar Technologies, Inc. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Luminar Technologies had a negative return on equity of 73.24% and a negative net margin of 747.76%. The business had revenue of $6.86 million for the quarter, compared to the consensus estimate of $9.59 million. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.03).
Luminar Technologies ( NASDAQ:LAZR – Get Rating) last released its earnings results on Thursday, May 5th. According to data from MarketBeat, Luminar Technologies has an average rating of “Buy” and a consensus price target of $21.60.
Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Finally, Citigroup lowered their price target on Luminar Technologies from $31.00 to $24.00 in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Luminar Technologies from $28.00 to $23.00 in a report on Tuesday, March 1st. They issued a “neutral” rating and a $16.00 price objective for the company. Sumitomo Mitsui Financial Group initiated coverage on shares of Luminar Technologies in a research report on Tuesday, March 29th. Northland Securities dropped their price target on shares of Luminar Technologies from $23.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th. They issued an “outperform” rating and a $22.00 price target on the stock. Credit Suisse Group initiated coverage on shares of Luminar Technologies in a research note on Thursday, April 14th. Several equities research analysts have issued reports on LAZR shares. The stock had previously closed at $8.34. The company traded as low as $7.67 and last traded at $7.69, with a volume of 84001 shares traded. ( NASDAQ:LAZR – Get Rating) hit a new 52-week low during trading on Monday.
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