Daniel David Tempesta Buys 3325 Shares of Luminar Technologies … – MarketBeat
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Luminar Technologies, Inc. (NASDAQ:LAZR – Get Rating) Director Daniel David Tempesta acquired 3,325 shares of Luminar Technologies stock in a transaction that occurred on Thursday, December 15th. The stock was acquired at an average price of $6.92 per share, with a total value of $23,009.00. Following the completion of the acquisition, the director now directly owns 115,921 shares in the company, valued at approximately $802,173.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Luminar Technologies Stock Performance
Shares of LAZR stock traded down $0.18 during trading hours on Friday, reaching $6.63. 90,186 shares of the company traded hands, compared to its average volume of 6,013,391. Luminar Technologies, Inc. has a 12-month low of $5.61 and a 12-month high of $18.16. The company has a debt-to-equity ratio of 14.23, a current ratio of 9.86 and a quick ratio of 9.72. The company has a market cap of $2.41 billion, a P/E ratio of -6.42 and a beta of 1.50. The firm has a 50-day moving average price of $7.53 and a 200 day moving average price of $7.84.
Luminar Technologies (NASDAQ:LAZR – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). Luminar Technologies had a negative net margin of 894.68% and a negative return on equity of 328.76%. The company had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $9.15 million. As a group, sell-side analysts predict that Luminar Technologies, Inc. will post -1.2 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
LAZR has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on Luminar Technologies in a report on Tuesday, September 20th. They issued an “overweight” rating and a $30.00 price objective for the company. Citigroup dropped their target price on Luminar Technologies from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, December 7th. The Goldman Sachs Group raised their target price on Luminar Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 4th. Northland Securities cut Luminar Technologies from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $13.00 to $10.00 in a research report on Thursday, September 22nd. Finally, Rosenblatt Securities started coverage on Luminar Technologies in a research report on Monday, October 24th. They issued a “neutral” rating and a $8.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.29.
Institutional Trading of Luminar Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in LAZR. Teacher Retirement System of Texas raised its stake in Luminar Technologies by 11.8% during the 1st quarter. Teacher Retirement System of Texas now owns 37,502 shares of the company’s stock valued at $586,000 after purchasing an additional 3,955 shares during the period. Swiss National Bank raised its stake in Luminar Technologies by 12.6% during the 1st quarter. Swiss National Bank now owns 430,200 shares of the company’s stock valued at $6,724,000 after purchasing an additional 48,100 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Luminar Technologies by 60.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,430 shares of the company’s stock valued at $132,000 after purchasing an additional 3,192 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Luminar Technologies during the 1st quarter valued at approximately $15,317,000. Finally, Kingfisher Capital LLC raised its stake in Luminar Technologies by 67.8% during the 1st quarter. Kingfisher Capital LLC now owns 111,766 shares of the company’s stock valued at $1,747,000 after purchasing an additional 45,160 shares during the period. Institutional investors own 62.57% of the company’s stock.
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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