Austin Russell Purchases 25000 Shares of Luminar Technologies, Inc. (NASDAQ:LAZR) Stock – MarketBeat

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Luminar Technologies, Inc. (NASDAQ:LAZR – Get Rating) CEO Austin Russell purchased 25,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $9.18 per share, with a total value of $229,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 980,000 shares in the company, valued at approximately $8,996,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Austin Russell also recently made the following trade(s):

• On Wednesday, August 24th, Austin Russell purchased 25,000 shares of Luminar Technologies stock. The stock was acquired at an average price of $9.07 per share, with a total value of $226,750.00.
• On Friday, August 12th, Austin Russell purchased 25,000 shares of Luminar Technologies stock. The stock was acquired at an average price of $10.80 per share, with a total value of $270,000.00.
• On Wednesday, August 10th, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The shares were purchased at an average price of $9.70 per share, with a total value of $242,500.00.
• On Tuesday, August 2nd, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The shares were purchased at an average price of $7.21 per share, with a total value of $180,250.00.

Luminar Technologies Stock Up 6.4 %

NASDAQ:LAZR traded up $0.56 on Friday, reaching $9.31. The stock had a trading volume of 218,919 shares, compared to its average volume of 5,634,455. The company has a debt-to-equity ratio of 6.89, a quick ratio of 11.44 and a current ratio of 11.60. The company has a 50-day moving average of $7.69 and a 200 day moving average of $10.37. Luminar Technologies, Inc. has a 12-month low of $5.61 and a 12-month high of $23.90.

Analyst Ratings Changes

A number of research firms have recently commented on LAZR. Northland Securities dropped their price objective on Luminar Technologies from $23.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Cowen upped their price objective on Luminar Technologies from $12.00 to $14.00 in a report on Tuesday, August 9th. The Goldman Sachs Group dropped their price objective on Luminar Technologies from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Luminar Technologies from $23.00 to $15.00 in a report on Monday, July 18th. Finally, Cowen upped their price target on shares of Luminar Technologies to $14.00 in a research report on Monday, August 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Luminar Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Hedge Funds Weigh In On Luminar Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prospera Financial Services Inc purchased a new position in Luminar Technologies in the 1st quarter valued at about $32,000. Steward Partners Investment Advisory LLC boosted its position in Luminar Technologies by 8,000.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,025 shares of the company’s stock valued at $32,000 after buying an additional 2,000 shares during the last quarter. MCF Advisors LLC purchased a new position in Luminar Technologies in the 1st quarter valued at about $49,000. Destiny Wealth Partners LLC boosted its position in Luminar Technologies by 29.0% in the 1st quarter. Destiny Wealth Partners LLC now owns 5,161 shares of the company’s stock valued at $81,000 after buying an additional 1,161 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Luminar Technologies in the 4th quarter valued at about $115,000. 62.57% of the stock is owned by hedge funds and other institutional investors.

Luminar Technologies Company Profile

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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 Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, 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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