Entropy Technologies LP Buys Shares of 18,000 Luminar Technologies, Inc. (NASDAQ:LAZR)

Entropy Technologies LP bought a new stake in Luminar Technologies, Inc. (NASDAQ:LAZR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $97,000. Entropy Technologies LP owned approximately 0.05% of Luminar Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of LAZR. PEAK6 Investments LLC acquired a new position in shares of Luminar Technologies in the third quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Luminar Technologies in the third quarter valued at approximately $31,000. Tyler Stone Wealth Management boosted its holdings in shares of Luminar Technologies by 70.5% in the third quarter. Tyler Stone Wealth Management now owns 37,000 shares of the company’s stock valued at $33,000 after buying an additional 15,300 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Luminar Technologies in the third quarter valued at approximately $40,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Luminar Technologies by 30.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 54,452 shares of the company’s stock valued at $49,000 after buying an additional 12,685 shares during the period. Institutional investors own 30.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Luminar Technologies from $11.25 to $7.50 and set a “sell” rating for the company in a report on Thursday, November 14th. Craig Hallum reduced their price target on shares of Luminar Technologies from $22.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.06.

Luminar Technologies Trading Down 2.3 %

Shares of LAZR opened at $6.45 on Friday. Luminar Technologies, Inc. has a 12 month low of $4.93 and a 12 month high of $42.30. The firm has a fifty day simple moving average of $6.23 and a 200 day simple moving average of $10.89. The stock has a market capitalization of $214.85 million, a price-to-earnings ratio of -0.48 and a beta of 1.62.

Luminar Technologies 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.