Caz Investments LP Has $270,000 Stock Holdings in Luminar Technologies, Inc. (NASDAQ:LAZR)

Caz Investments LP grew its stake in Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 100.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,000 shares of the company's stock after buying an additional 150,000 shares during the quarter. Luminar Technologies accounts for about 0.2% of Caz Investments LP's investment portfolio, making the stock its 12th biggest holding. Caz Investments LP owned about 0.06% of Luminar Technologies worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Luminar Technologies by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 27,024,843 shares of the company's stock worth $53,239,000 after acquiring an additional 1,319,480 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 425,335 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Luminar Technologies by 51.7% in the second quarter. Blair William & Co. IL now owns 605,735 shares of the company's stock valued at $903,000 after buying an additional 206,512 shares in the last quarter. SG Americas Securities LLC raised its position in Luminar Technologies by 5,037.2% during the third quarter. SG Americas Securities LLC now owns 576,547 shares of the company's stock worth $519,000 after acquiring an additional 565,324 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Luminar Technologies by 14.8% in the second quarter. Rhumbline Advisers now owns 426,654 shares of the company's stock valued at $636,000 after acquiring an additional 54,958 shares during the last quarter. Institutional investors own 30.99% of the company's stock.

Luminar Technologies Stock Performance

Shares of LAZR stock traded up $0.37 on Wednesday, hitting $9.06. The company's stock had a trading volume of 1,201,999 shares, compared to its average volume of 1,126,333. The company has a market capitalization of $301.79 million, a PE ratio of -0.65 and a beta of 1.61. Luminar Technologies, Inc. has a fifty-two week low of $8.63 and a fifty-two week high of $55.35. The stock's 50 day moving average is $12.71 and its 200-day moving average is $17.85.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported ($2.40) EPS for the quarter, topping analysts' consensus estimates of ($3.30) by $0.90. The company had revenue of $15.49 million for the quarter, compared to the consensus estimate of $17.70 million. Luminar Technologies's revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business earned ($4.95) EPS. On average, research analysts forecast that Luminar Technologies, Inc. will post -14.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LAZR shares. The Goldman Sachs Group lowered their price objective on shares of Luminar Technologies from $11.25 to $7.50 and set a "sell" rating on the stock in a research note on Thursday, November 14th. Citigroup dropped their price objective on Luminar Technologies from $135.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 16th. Rosenblatt Securities reiterated a "neutral" rating and set a $30.00 target price on shares of Luminar Technologies in a research note on Wednesday, October 2nd. Craig Hallum decreased their target price on Luminar Technologies from $22.50 to $15.00 and set a "hold" rating on the stock in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $15.00 price target on shares of Luminar Technologies in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.06.

Luminar Technologies Company 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.