SBI Securities Co. Ltd. Acquires Shares of 28,828 Luminar Technologies, Inc. (NASDAQ:LAZR)

SBI Securities Co. Ltd. acquired a new stake in Luminar Technologies, Inc. (NASDAQ:LAZR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 28,828 shares of the company’s stock, valued at approximately $155,000. SBI Securities Co. Ltd. owned 0.09% of Luminar Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LAZR. PEAK6 Investments LLC bought a new stake in Luminar Technologies in the 3rd quarter valued at about $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Luminar Technologies during the 3rd quarter worth approximately $31,000. Tyler Stone Wealth Management lifted its holdings in shares of Luminar Technologies by 70.5% during the 3rd quarter. Tyler Stone Wealth Management now owns 37,000 shares of the company’s stock worth $33,000 after acquiring an additional 15,300 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Luminar Technologies during the 3rd quarter worth approximately $40,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Luminar Technologies by 30.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 54,452 shares of the company’s stock worth $49,000 after acquiring an additional 12,685 shares during the period. Institutional investors own 30.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Craig Hallum cut 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. The Goldman Sachs Group cut 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Luminar Technologies has an average rating of “Hold” and an average target price of $50.06.

Luminar Technologies Price Performance

LAZR stock opened at $4.99 on Friday. The company has a 50 day simple moving average of $6.11 and a 200 day simple moving average of $9.73. The stock has a market cap of $166.23 million, a price-to-earnings ratio of -0.37 and a beta of 1.74. Luminar Technologies, Inc. has a 1 year low of $4.47 and a 1 year high of $34.80.

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.