16,823 Shares in Luminar Technologies, Inc. (NASDAQ:LAZR) Acquired by DnB Asset Management AS

DnB Asset Management AS acquired a new stake in Luminar Technologies, Inc. (NASDAQ:LAZR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 16,823 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in Luminar Technologies by 469.2% during the 3rd quarter. Barclays PLC now owns 842,288 shares of the company’s stock valued at $757,000 after purchasing an additional 694,315 shares in the last quarter. LRI Investments LLC boosted its holdings in Luminar Technologies by 32,352.8% in the third quarter. LRI Investments LLC now owns 162,264 shares of the company’s stock valued at $146,000 after purchasing an additional 161,764 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Luminar Technologies by 17.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,774,934 shares of the company’s stock valued at $7,896,000 after purchasing an additional 1,331,067 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Luminar Technologies during the third quarter worth approximately $316,000. Finally, Main Management ETF Advisors LLC bought a new position in Luminar Technologies during the 3rd quarter valued at $457,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

Luminar Technologies Stock Performance

Shares of Luminar Technologies stock opened at $5.10 on Thursday. The firm has a market cap of $169.90 million, a PE ratio of -0.38 and a beta of 1.74. Luminar Technologies, Inc. has a 1 year low of $4.48 and a 1 year high of $34.80. The firm’s 50-day simple moving average is $5.75 and its 200-day simple moving average is $8.61.

Luminar Technologies Company Profile

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 Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.