233,529 Shares in Lucid Group, Inc. (NASDAQ:LCID) Acquired by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of Lucid Group, Inc. (NASDAQ:LCID - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 233,529 shares of the company's stock, valued at approximately $824,000.

Several other large investors have also bought and sold shares of LCID. Pine Valley Investments Ltd Liability Co increased its stake in shares of Lucid Group by 34.9% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 13,710 shares of the company's stock valued at $36,000 after acquiring an additional 3,549 shares during the last quarter. Principal Financial Group Inc. increased its stake in Lucid Group by 6.0% in the second quarter. Principal Financial Group Inc. now owns 66,004 shares of the company's stock valued at $172,000 after purchasing an additional 3,715 shares in the last quarter. Greenleaf Trust boosted its position in shares of Lucid Group by 22.0% during the third quarter. Greenleaf Trust now owns 25,487 shares of the company's stock worth $90,000 after purchasing an additional 4,604 shares in the last quarter. Amalgamated Bank increased its position in shares of Lucid Group by 12.5% in the 2nd quarter. Amalgamated Bank now owns 47,916 shares of the company's stock valued at $125,000 after buying an additional 5,337 shares in the last quarter. Finally, Xponance Inc. grew its stake in Lucid Group by 20.8% in the second quarter. Xponance Inc. now owns 31,938 shares of the company's stock valued at $83,000 after acquiring an additional 5,493 shares during the period. 75.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on LCID. Needham & Company LLC reiterated a "hold" rating on shares of Lucid Group in a report on Friday, November 8th. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 price objective on shares of Lucid Group in a research report on Tuesday, October 8th. Robert W. Baird reissued a "neutral" rating and set a $3.00 price target on shares of Lucid Group in a research report on Monday, October 7th. Cfra set a $2.00 target price on Lucid Group in a report on Thursday, October 17th. Finally, R. F. Lafferty upgraded Lucid Group from a "hold" rating to a "buy" rating and set a $4.00 price objective on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $3.16.

Insider Activity at Lucid Group

In related news, Director Public Investment Fund purchased 374,717,927 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $2.59 per share, for a total transaction of $970,519,430.93. Following the completion of the acquisition, the director now owns 8,041,393 shares of the company's stock, valued at approximately $20,827,207.87. This represents a -102.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 61.26% of the stock is currently owned by insiders.

Lucid Group Price Performance

LCID stock traded up $0.21 during midday trading on Friday, reaching $2.30. The company had a trading volume of 149,931,719 shares, compared to its average volume of 71,280,656. The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77. Lucid Group, Inc. has a 1-year low of $1.93 and a 1-year high of $5.31. The stock has a 50 day moving average price of $2.54 and a 200-day moving average price of $3.00.

Lucid Group Company Profile

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.