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

DnB Asset Management AS purchased a new position in shares of 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 purchased 16,823 shares of the company’s stock, valued at approximately $91,000. DnB Asset Management AS owned about 0.05% of Luminar Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. 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 worth $7,896,000 after buying an additional 1,331,067 shares during the period. State Street Corp lifted its stake in shares of Luminar Technologies by 2.7% in the 3rd quarter. State Street Corp now owns 8,525,374 shares of the company’s stock valued at $7,670,000 after purchasing an additional 225,223 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Luminar Technologies by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,991,409 shares of the company’s stock worth $2,691,000 after purchasing an additional 425,335 shares in the last quarter. Barclays PLC raised its holdings in Luminar Technologies by 469.2% in the third quarter. Barclays PLC now owns 842,288 shares of the company’s stock valued at $757,000 after buying an additional 694,315 shares during the period. Finally, XTX Topco Ltd lifted its position in Luminar Technologies by 819.6% during the third quarter. XTX Topco Ltd now owns 649,175 shares of the company’s stock valued at $584,000 after buying an additional 578,582 shares in the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

Luminar Technologies Stock Down 2.3 %

LAZR opened at $5.10 on Thursday. The company has a 50 day moving average of $5.75 and a two-hundred day moving average of $8.61. Luminar Technologies, Inc. has a 52-week low of $4.48 and a 52-week high of $34.80. The company has a market cap of $169.90 million, a P/E ratio of -0.38 and a beta of 1.74.

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.