Bank of New York Mellon Corp Decreases Stock Position in Luminar Technologies, Inc. (NASDAQ:LAZR)

Bank of New York Mellon Corp decreased its position in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 92.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,301 shares of the company's stock after selling 761,980 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Luminar Technologies worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LAZR. Geode Capital Management LLC raised its holdings in Luminar Technologies by 17.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,774,934 shares of the company's stock worth $7,896,000 after purchasing an additional 1,331,067 shares during the period. Barclays PLC increased its position in shares of Luminar Technologies by 469.2% in the third quarter. Barclays PLC now owns 842,288 shares of the company's stock valued at $757,000 after buying an additional 694,315 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Luminar Technologies by 819.6% during the 3rd quarter. XTX Topco Ltd now owns 649,175 shares of the company's stock worth $584,000 after buying an additional 578,582 shares during the period. Main Management ETF Advisors LLC purchased a new position in shares of Luminar Technologies during the 3rd quarter valued at approximately $457,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Luminar Technologies by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,991,409 shares of the company's stock valued at $2,691,000 after acquiring an additional 425,335 shares during the period. 30.99% of the stock is owned by hedge funds and other institutional investors.

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Luminar Technologies Trading Down 2.3 %

NASDAQ:LAZR traded down $0.12 during trading hours on Wednesday, reaching $5.10. 2,140,183 shares of the company were exchanged, compared to its average volume of 1,815,696. The firm has a market cap of $169.90 million, a PE ratio of -0.38 and a beta of 1.74. Luminar Technologies, Inc. has a twelve month low of $4.48 and a twelve month high of $34.80. The stock's 50-day moving average is $5.75 and its 200-day moving average is $8.61.

Luminar Technologies Profile

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.