Lumen Technologies (NYSE:LUMN) Shares Up 15.8% on Insider Buying Activity

Shares of Lumen Technologies, Inc. (NYSE:LUMN) rose 15.8% during mid-day trading on Friday following insider buying activity. The stock traded as high as $7.19 and last traded at $7.2160. Approximately 3,401,587 shares were traded during trading, a decline of 75% from the average daily volume of 13,823,936 shares. The stock had previously closed at $6.23.

Specifically, CEO Kathleen E. Johnson acquired 78,685 shares of Lumen Technologies stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $6.35 per share, for a total transaction of $499,649.75. Following the completion of the purchase, the chief executive officer owned 8,562,582 shares of the company’s stock, valued at $54,372,395.70. This represents a 0.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

LUMN has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of Lumen Technologies in a research report on Wednesday. UBS Group increased their target price on Lumen Technologies from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup dropped their price target on Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Zacks Research raised Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.88.

Lumen Technologies News Roundup

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 Stock Up 29.4%

The firm has a market capitalization of $8.27 billion, a P/E ratio of -4.63 and a beta of 1.51. The business has a 50-day moving average price of $8.21 and a 200-day moving average price of $7.04.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LUMN. Norges Bank acquired a new stake in Lumen Technologies during the second quarter valued at approximately $47,923,000. Curi Capital LLC bought a new position in shares of Lumen Technologies during the 2nd quarter worth approximately $14,144,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Lumen Technologies in the 3rd quarter valued at $18,439,000. Penn Capital Management Company LLC bought a new stake in Lumen Technologies in the third quarter valued at $16,837,000. Finally, AIGH Capital Management LLC acquired a new position in Lumen Technologies during the third quarter worth $15,606,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

About Lumen Technologies

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.