XTX Topco Ltd Boosts Stock Position in Luminar Technologies, Inc. (NASDAQ:LAZR)

XTX Topco Ltd lifted its position in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 819.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 649,175 shares of the company's stock after purchasing an additional 578,582 shares during the period. XTX Topco Ltd owned 0.13% of Luminar Technologies worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in Luminar Technologies by 5,037.2% during the 3rd quarter. SG Americas Securities LLC now owns 576,547 shares of the company's stock worth $519,000 after acquiring an additional 565,324 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Luminar Technologies by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,991,409 shares of the company's stock valued at $2,691,000 after purchasing an additional 425,335 shares during the last quarter. State Street Corp increased its stake in shares of Luminar Technologies by 2.7% in the 3rd quarter. State Street Corp now owns 8,525,374 shares of the company's stock valued at $7,670,000 after purchasing an additional 225,223 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Luminar Technologies by 51.7% in the 2nd quarter. Blair William & Co. IL now owns 605,735 shares of the company's stock valued at $903,000 after purchasing an additional 206,512 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Luminar Technologies in the 3rd quarter valued at $141,000. Institutional investors own 30.99% of the company's stock.

Luminar Technologies Stock Performance

LAZR traded down $0.51 during midday trading on Friday, reaching $6.42. 2,603,257 shares of the company were exchanged, compared to its average volume of 1,172,501. The company's fifty day moving average price is $11.61 and its 200 day moving average price is $16.51. The company has a market cap of $213.87 million, a price-to-earnings ratio of -0.48 and a beta of 1.53. Luminar Technologies, Inc. has a one year low of $6.34 and a one year high of $55.35.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported ($2.40) earnings per share for the quarter, topping analysts' consensus estimates of ($3.30) by $0.90. The business had revenue of $15.49 million during the quarter, compared to analysts' expectations of $17.70 million. During the same quarter in the previous year, the firm earned ($4.95) EPS. Luminar Technologies's quarterly revenue was down 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Luminar Technologies, Inc. will post -14.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LAZR shares. JPMorgan Chase & Co. decreased their price target on Luminar Technologies from $120.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, August 19th. Craig Hallum cut their price objective on Luminar Technologies from $22.50 to $15.00 and set a "hold" rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group cut their price objective on Luminar Technologies from $11.25 to $7.50 and set a "sell" rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $15.00 price objective on shares of Luminar Technologies in a report on Tuesday, September 10th. Finally, Citigroup cut their target price on Luminar Technologies from $135.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.06.

Luminar Technologies 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.