Luminar Technologies, Inc. (NASDAQ:LAZR) CEO Austin Russell Buys 25,000 Shares of Stock

Luminar Technologies, Inc. (NASDAQ:LAZRGet Rating) CEO Austin Russell purchased 25,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average cost of $9.87 per share, with a total value of $246,750.00. Following the transaction, the chief executive officer now directly owns 1,030,000 shares of the company’s stock, valued at approximately $10,166,100. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Austin Russell also recently made the following trade(s):

  • On Thursday, September 15th, Austin Russell purchased 25,000 shares of Luminar Technologies stock. The shares were bought at an average cost of $9.39 per share, with a total value of $234,750.00.
  • On Friday, September 9th, Austin Russell purchased 25,000 shares of Luminar Technologies stock. The shares were bought at an average cost of $9.18 per share, with a total value of $229,500.00.
  • On Wednesday, August 24th, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The shares were acquired at an average price of $9.07 per share, for a total transaction of $226,750.00.
  • On Friday, August 12th, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The shares were bought at an average price of $10.80 per share, for a total transaction of $270,000.00.
  • On Wednesday, August 10th, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The shares were bought at an average price of $9.70 per share, for a total transaction of $242,500.00.
  • On Tuesday, August 2nd, Austin Russell bought 25,000 shares of Luminar Technologies stock. The shares were acquired at an average cost of $7.21 per share, for a total transaction of $180,250.00.

Luminar Technologies Price Performance

Shares of NASDAQ LAZR opened at $9.53 on Wednesday. The company has a current ratio of 11.60, a quick ratio of 11.44 and a debt-to-equity ratio of 6.89. The stock has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $10.03. Luminar Technologies, Inc. has a 12-month low of $5.61 and a 12-month high of $23.90.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LAZR shares. JPMorgan Chase & Co. started coverage on Luminar Technologies in a research report on Tuesday. They set an “overweight” rating and a $30.00 target price on the stock. Cowen boosted their price objective on Luminar Technologies from $12.00 to $14.00 in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Luminar Technologies from $23.00 to $15.00 in a report on Monday, July 18th. The Goldman Sachs Group lowered their price objective on Luminar Technologies from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, June 1st. Finally, Robert W. Baird lowered their price objective on Luminar Technologies from $30.00 to $15.00 in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.23.

Hedge Funds Weigh In On Luminar Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in Luminar Technologies by 189.4% in the second quarter. State Street Corp now owns 4,570,495 shares of the company’s stock worth $27,103,000 after purchasing an additional 2,991,427 shares during the period. Bank of Montreal Can lifted its position in Luminar Technologies by 4,481.5% in the first quarter. Bank of Montreal Can now owns 2,488,690 shares of the company’s stock worth $38,600,000 after purchasing an additional 2,434,370 shares during the period. Northern Trust Corp lifted its position in Luminar Technologies by 148.7% in the second quarter. Northern Trust Corp now owns 2,724,014 shares of the company’s stock worth $16,154,000 after purchasing an additional 1,628,847 shares during the period. CQS US LLC acquired a new stake in Luminar Technologies in the first quarter worth approximately $16,180,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Luminar Technologies in the first quarter worth approximately $15,317,000. 62.57% of the stock is currently owned by institutional investors and hedge funds.

Luminar Technologies Company Profile

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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 Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, 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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Insider Buying and Selling by Quarter for Luminar Technologies (NASDAQ:LAZR)

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