Thrivent Financial for Lutherans Sells 73,299 Shares of Lumen Technologies, Inc. $LUMN

Thrivent Financial for Lutherans lowered its position in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 682,851 shares of the technology company’s stock after selling 73,299 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Lumen Technologies worth $4,179,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lumen Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after purchasing an additional 26,305 shares during the last quarter. Empowered Funds LLC lifted its stake in Lumen Technologies by 26.8% in the 1st quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock valued at $1,066,000 after buying an additional 57,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Lumen Technologies by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock worth $11,702,000 after purchasing an additional 300,328 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Lumen Technologies by 11.6% in the second quarter. KLP Kapitalforvaltning AS now owns 204,400 shares of the technology company’s stock valued at $895,000 after purchasing an additional 21,200 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in Lumen Technologies by 1.7% during the second quarter. Maryland State Retirement & Pension System now owns 301,498 shares of the technology company’s stock worth $1,321,000 after purchasing an additional 5,062 shares during the period. 66.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lumen Technologies

In other Lumen Technologies news, CEO Kathleen E. Johnson purchased 78,685 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average price of $6.35 per share, for a total transaction of $499,649.75. Following the completion of the purchase, the chief executive officer directly owned 8,562,582 shares in the company, valued at approximately $54,372,395.70. This trade represents a 0.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on LUMN. Royal Bank Of Canada raised their price objective on shares of Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. UBS Group increased their target price on Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup cut their target price on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday. Raymond James Financial restated a “market perform” rating on shares of Lumen Technologies in a report on Wednesday. Finally, Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lumen Technologies currently has an average rating of “Hold” and a consensus price target of $6.88.

Lumen Technologies Stock Up 29.4%

Shares of NYSE LUMN opened at $8.06 on Friday. The business has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $7.06. Lumen Technologies, Inc. has a 12 month low of $3.01 and a 12 month high of $11.95. The company has a market cap of $8.27 billion, a price-to-earnings ratio of -4.63 and a beta of 1.51.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.

Key Headlines Impacting Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: CEO Kathleen (Kate) Johnson purchased ~78,685 shares (~$499.6k) at about $6.35 on Feb. 5, a near 1% increase in her stake — a strong insider signal that likely supported buyer demand. Read More. Read More.
• Positive Sentiment: Recent quarterly results showed an EPS beat and management highlighted AI-driven fiber demand and enterprise/network wins; revenue topped some estimates — supportive fundamental news for recovery narrative. Read More.
• Neutral Sentiment: Major brokers remain mixed: J.P. Morgan moved to “Hold” (neutral), UBS nudged its target up from $5 to $6 while staying neutral, and Goldman raised its target modestly — these provide incremental support but no strong bullish upgrade. Read More. Read More.
• Negative Sentiment: Unusually large put‑option activity: about 76,952 puts traded (a ~157% jump vs. typical daily put volume) — suggests elevated bearish bets or hedging that can pressure the stock or increase intraday volatility.
• Negative Sentiment: Citigroup cut its price target (from $11 to $10), and other coverage has highlighted year‑over‑year revenue declines (~8–9% in the quarter) — reminders that growth re‑acceleration remains uncertain. Read More.
• Negative Sentiment: Coverage noted a prior sharp intraday drop (~19.7%), underscoring recent volatility and the potential for outsized moves on mixed news or analyst actions. Read More.

Lumen Technologies Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.