Corebridge Financial Inc. Has $60,000 Stock Position in Luminar Technologies, Inc. (NASDAQ:LAZR)

Corebridge Financial Inc. cut its holdings in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 93.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,112 shares of the company's stock after selling 168,162 shares during the quarter. Corebridge Financial Inc.'s holdings in Luminar Technologies were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAZR. Stifel Financial Corp increased its stake in Luminar Technologies by 118.5% during the 3rd quarter. Stifel Financial Corp now owns 141,005 shares of the company's stock worth $127,000 after acquiring an additional 76,470 shares during the period. State Street Corp grew its holdings in shares of Luminar Technologies by 2.7% during the 3rd quarter. State Street Corp now owns 8,525,374 shares of the company's stock worth $7,670,000 after purchasing an additional 225,223 shares in the last quarter. 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 worth $757,000 after purchasing an additional 694,315 shares during the period. Geode Capital Management LLC raised its stake in Luminar Technologies by 17.9% in the third quarter. Geode Capital Management LLC now owns 8,774,934 shares of the company's stock valued at $7,896,000 after purchasing an additional 1,331,067 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Luminar Technologies during the third quarter worth about $316,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group decreased their target price on shares of Luminar Technologies from $3.50 to $2.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $53.86.

Luminar Technologies Stock Up 14.1 %

Shares of LAZR stock traded up $0.47 on Friday, reaching $3.80. The company had a trading volume of 2,353,068 shares, compared to its average volume of 1,905,846. The stock has a market capitalization of $161.08 million, a PE ratio of -0.28 and a beta of 1.86. The business's 50-day moving average is $5.42 and its 200 day moving average is $7.79. Luminar Technologies, Inc. has a one year low of $3.30 and a one year high of $34.80.

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.