Insider Buying: AEye, Inc. (NASDAQ:LIDR) Director Acquires 36,707 Shares of Stock

AEye, Inc. (NASDAQ:LIDR) Director Jonathon B. Husby bought 36,707 shares of AEye stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $0.54 per share, for a total transaction of $19,821.78. Following the completion of the acquisition, the director now owns 84,258 shares of the company’s stock, valued at approximately $45,499.32. This represents a 77.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

AEye Stock Performance

LIDR stock opened at $0.58 on Friday. The business’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $1.11. The company has a current ratio of 2.26, a quick ratio of 2.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.84 million, a PE ratio of -0.12 and a beta of 2.85. AEye, Inc. has a 1-year low of $0.51 and a 1-year high of $5.15.

AEye (NASDAQ:LIDR) last posted its earnings results on Thursday, February 20th. The company reported ($0.91) earnings per share for the quarter. The business had revenue of $0.05 million for the quarter. AEye had a negative return on equity of 169.57% and a negative net margin of 17,554.46%.

Institutional Trading of AEye

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of AEye by 19.7% in the fourth quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock valued at $99,000 after purchasing an additional 12,779 shares in the last quarter. Millennium Management LLC bought a new stake in shares of AEye in the fourth quarter valued at about $32,000. Commonwealth Equity Services LLC bought a new stake in shares of AEye in the fourth quarter valued at about $43,000. Two Sigma Securities LLC bought a new stake in shares of AEye in the fourth quarter valued at about $66,000. Finally, Virtu Financial LLC bought a new stake in shares of AEye in the fourth quarter valued at about $77,000. 21.58% of the stock is currently owned by institutional investors.

AEye Company Profile

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.