Charles Schwab Investment Management Inc. lowered its holdings in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 93.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,217 shares of the company's stock after selling 2,810,192 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.54% of Luminar Technologies worth $975,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in shares of Luminar Technologies in the fourth quarter valued at approximately $97,000. PEAK6 Investments LLC acquired a new stake in Luminar Technologies in the third quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new position in Luminar Technologies during the 4th quarter valued at $155,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Luminar Technologies during the 3rd quarter valued at $31,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Luminar Technologies in the 3rd quarter worth $40,000. Institutional investors and hedge funds own 30.99% of the company's stock.
Luminar Technologies Trading Down 3.2 %
LAZR stock traded down $0.17 during trading hours on Tuesday, hitting $5.22. 1,738,388 shares of the stock traded hands, compared to its average volume of 1,804,573. The stock has a 50-day simple moving average of $5.80 and a 200 day simple moving average of $8.68. Luminar Technologies, Inc. has a one year low of $4.48 and a one year high of $34.80. The company has a market cap of $173.89 million, a P/E ratio of -0.39 and a beta of 1.74.
About Luminar Technologies
(
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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