Insider Buying: AEye, Inc. (NASDAQ:LIDR) Director Acquires $19,821.78 in Stock

AEye, Inc. (NASDAQ:LIDR) Director Jonathon B. Husby bought 36,707 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $0.54 per share, with a total value of $19,821.78. Following the completion of the purchase, the director now directly owns 84,258 shares in the company, valued at approximately $45,499.32. This trade represents a 77.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

AEye Stock Up 9.4 %

NASDAQ LIDR opened at $0.58 on Friday. The stock has a fifty day moving average of $0.99 and a 200-day moving average of $1.11. The stock has a market capitalization of $10.84 million, a P/E ratio of -0.12 and a beta of 2.85. AEye, Inc. has a 52 week low of $0.51 and a 52 week high of $5.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.24 and a current ratio of 2.26.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LIDR. Millennium Management LLC bought a new position in shares of AEye in the 4th quarter worth $32,000. Commonwealth Equity Services LLC bought a new position in shares of AEye in the 4th quarter worth $43,000. Two Sigma Securities LLC bought a new position in shares of AEye in the 4th quarter worth $66,000. Virtu Financial LLC bought a new position in shares of AEye in the 4th quarter worth $77,000. Finally, Citadel Advisors LLC bought a new position in shares of AEye in the 4th quarter worth $92,000. 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.