XTX Topco Ltd decreased its position in Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 169,315 shares of the company's stock after selling 479,860 shares during the quarter. XTX Topco Ltd owned 0.51% of Luminar Technologies worth $911,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. DnB Asset Management AS bought a new stake in Luminar Technologies during the 4th quarter worth about $91,000. Entropy Technologies LP acquired a new position in Luminar Technologies in the fourth quarter valued at approximately $97,000. SBI Securities Co. Ltd. acquired a new stake in Luminar Technologies during the 4th quarter worth $155,000. Aristides Capital LLC acquired a new stake in Luminar Technologies during the 4th quarter worth $176,000. Finally, Stifel Financial Corp raised its position in shares of Luminar Technologies by 118.5% during the 3rd quarter. Stifel Financial Corp now owns 141,005 shares of the company's stock valued at $127,000 after acquiring an additional 76,470 shares during the last quarter. Institutional investors and hedge funds own 30.99% of the company's stock.
Luminar Technologies Stock Performance
Shares of Luminar Technologies stock remained flat at $3.80 during trading hours on Monday. 1,017,193 shares of the stock were exchanged, compared to its average volume of 1,902,371. The business's fifty day moving average is $5.42 and its 200 day moving average is $7.79. The firm has a market cap of $161.08 million, a PE ratio of -0.28 and a beta of 1.86. Luminar Technologies, Inc. has a one year low of $3.30 and a one year high of $34.80.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group decreased their target price on Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $53.86.
Check Out Our Latest Analysis on LAZR
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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