Pilgrim Partners Asia Pte Ltd acquired a new position in Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 269,900 shares of the company's stock, valued at approximately $1,452,000. Luminar Technologies accounts for approximately 1.3% of Pilgrim Partners Asia Pte Ltd's investment portfolio, making the stock its 21st biggest position. Pilgrim Partners Asia Pte Ltd owned approximately 0.81% of Luminar Technologies at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. PEAK6 Investments LLC acquired a new position in shares of Luminar Technologies during the third quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Luminar Technologies in the third quarter valued at approximately $31,000. Point72 DIFC Ltd acquired a new position in Luminar Technologies during the third quarter valued at approximately $40,000. DnB Asset Management AS acquired a new stake in Luminar Technologies during the 4th quarter worth approximately $91,000. Finally, Entropy Technologies LP bought a new position in shares of Luminar Technologies during the 4th quarter worth approximately $97,000. 30.99% of the stock is owned by institutional investors.
Luminar Technologies Stock Down 8.6 %
Shares of LAZR stock traded down $0.42 during trading on Thursday, reaching $4.43. 1,258,743 shares of the company's stock were exchanged, compared to its average volume of 1,852,608. The firm's fifty day moving average price is $5.63 and its 200-day moving average price is $8.27. The stock has a market capitalization of $187.91 million, a PE ratio of -0.33 and a beta of 1.86. Luminar Technologies, Inc. has a twelve month low of $4.25 and a twelve month high of $34.80.
Luminar Technologies Company Profile
(
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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