Virginia Boulet Buys 40,000 Shares of Velodyne Lidar, Inc. (NASDAQ:VLDR) Stock

Velodyne Lidar, Inc. (NASDAQ:VLDRGet Rating) Director Virginia Boulet acquired 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $1.63 per share, with a total value of $65,200.00. Following the acquisition, the director now directly owns 102,000 shares of the company’s stock, valued at $166,260. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Virginia Boulet also recently made the following trade(s):

  • On Wednesday, March 9th, Virginia Boulet bought 50,000 shares of Velodyne Lidar stock. The stock was purchased at an average cost of $2.17 per share, for a total transaction of $108,500.00.

VLDR opened at $1.58 on Wednesday. The company has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $3.99. The firm has a market cap of $328.57 million, a P/E ratio of -1.39 and a beta of 1.02. Velodyne Lidar, Inc. has a 1-year low of $1.49 and a 1-year high of $12.79.

Velodyne Lidar (NASDAQ:VLDRGet Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.04). Velodyne Lidar had a negative net margin of 440.65% and a negative return on equity of 69.35%. The firm had revenue of $6.20 million for the quarter, compared to analysts’ expectations of $10.10 million. During the same quarter last year, the firm posted ($0.20) EPS. The firm’s quarterly revenue was down 65.0% compared to the same quarter last year. Equities research analysts expect that Velodyne Lidar, Inc. will post -0.9 EPS for the current year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Velodyne Lidar from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Craig Hallum downgraded shares of Velodyne Lidar from a “hold” rating to a “sell” rating and decreased their price target for the stock from $3.50 to $2.50 in a research report on Tuesday, March 1st. Needham & Company LLC cut their price objective on shares of Velodyne Lidar from $7.50 to $5.90 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Finally, Citigroup decreased their target price on Velodyne Lidar from $8.00 to $4.50 in a report on Wednesday, January 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Velodyne Lidar has an average rating of “Hold” and a consensus price target of $6.98.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its position in shares of Velodyne Lidar by 1,377.1% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 71,050 shares of the company’s stock worth $420,000 after purchasing an additional 66,240 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Velodyne Lidar by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 15,851 shares of the company’s stock valued at $94,000 after buying an additional 4,548 shares in the last quarter. Scotia Capital Inc. bought a new stake in shares of Velodyne Lidar during the third quarter valued at approximately $70,000. Truist Financial Corp lifted its holdings in shares of Velodyne Lidar by 85.8% in the third quarter. Truist Financial Corp now owns 80,175 shares of the company’s stock worth $475,000 after buying an additional 37,025 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Velodyne Lidar during the third quarter worth $70,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Velodyne Lidar Company Profile (Get Rating)

Velodyne Lidar, Inc provides real-time 3D vision for autonomous systems worldwide. It offers surround-view lidar for autonomous vehicles, drones, security, mobile robots, and mapping applications; and solid state lidar for advanced driver assistance systems and autonomous applications. The company also provides Vella Development Kit that provides access to lidar-based perception software paired with sensors; Intelligent Infrastructure Solution for monitoring traffic networks and public spaces to generate real-time data analytics and predictions for enhancing traffic and crowd flow efficiency; and Vella software solution, a data curation software platform.

Further Reading

Insider Buying and Selling by Quarter for Velodyne Lidar (NASDAQ:VLDR)

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