Charles Schwab Investment Management Inc. lowered its stake in Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 93.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,217 shares of the company's stock after selling 2,810,192 shares during the period. Charles Schwab Investment Management Inc. owned 0.54% of Luminar Technologies worth $975,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in LAZR. SBI Securities Co. Ltd. acquired a new stake in shares of Luminar Technologies during the fourth quarter worth about $155,000. Entropy Technologies LP purchased a new position in Luminar Technologies during the 4th quarter worth approximately $97,000. Virtu Financial LLC acquired a new stake in Luminar Technologies during the 3rd quarter valued at approximately $316,000. Barclays PLC boosted its holdings in shares of Luminar Technologies by 469.2% in the 3rd quarter. Barclays PLC now owns 842,288 shares of the company's stock valued at $757,000 after acquiring an additional 694,315 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Luminar Technologies by 17.9% in the third quarter. Geode Capital Management LLC now owns 8,774,934 shares of the company's stock worth $7,896,000 after acquiring an additional 1,331,067 shares during the period. 30.99% of the stock is currently owned by institutional investors and hedge funds.
Luminar Technologies Stock Performance
NASDAQ LAZR traded down $0.10 on Thursday, reaching $5.00. 2,051,889 shares of the company's stock traded hands, compared to its average volume of 1,822,378. Luminar Technologies, Inc. has a fifty-two week low of $4.48 and a fifty-two week high of $34.80. The firm has a market cap of $166.57 million, a price-to-earnings ratio of -0.37 and a beta of 1.74. The stock has a 50 day moving average price of $5.73 and a 200-day moving average price of $8.58.
Luminar Technologies Profile
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Free Report)
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.
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