Millennium Management LLC Sells 15,715 Shares of Luna Innovations Incorporated (NASDAQ:LUNA)

Millennium Management LLC decreased its stake in Luna Innovations Incorporated (NASDAQ:LUNA) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,812 shares of the scientific and technical instruments company’s stock after selling 15,715 shares during the quarter. Millennium Management LLC owned approximately 0.28% of Luna Innovations worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LUNA. Raymond James Financial Inc. purchased a new position in Luna Innovations during the fourth quarter valued at approximately $57,000. Virtu Financial LLC purchased a new stake in Luna Innovations in the 4th quarter worth $78,000. Prudential Financial Inc. purchased a new stake in Luna Innovations in the 4th quarter worth $39,000. Renaissance Technologies LLC raised its holdings in Luna Innovations by 71.7% during the fourth quarter. Renaissance Technologies LLC now owns 297,600 shares of the scientific and technical instruments company’s stock valued at $643,000 after acquiring an additional 124,300 shares during the period. Finally, Founders Financial Alliance LLC purchased a new position in shares of Luna Innovations in the fourth quarter valued at about $43,000. Institutional investors own 87.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Luna Innovations in a research note on Monday, May 19th. They issued a “sell” rating for the company.

Luna Innovations Price Performance

Shares of LUNA opened at $0.75 on Friday. Luna Innovations Incorporated has a 1 year low of $0.22 and a 1 year high of $3.85. The business’s 50 day simple moving average is $0.48 and its 200-day simple moving average is $0.90.

Luna Innovations Company Profile

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.