Traders Purchase High Volume of Luminar Technologies Call Options (NASDAQ:LAZR)

Luminar Technologies, Inc. (NASDAQ:LAZR) was the target of some unusual options trading activity on Monday. Traders acquired 7,165 call options on the company. This is an increase of approximately 8% compared to the average daily volume of 6,647 call options.

Luminar Technologies Stock Performance

Shares of NASDAQ LAZR opened at $6.42 on Tuesday. The firm has a market cap of $213.87 million, a P/E ratio of -0.48 and a beta of 1.74. Luminar Technologies has a 1 year low of $4.48 and a 1 year high of $34.80. The firm’s 50 day moving average price is $5.95 and its 200 day moving average price is $9.16.

Institutional Investors Weigh In On Luminar Technologies

Several hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in Luminar Technologies by 469.2% during the third quarter. Barclays PLC now owns 842,288 shares of the company’s stock worth $757,000 after buying an additional 694,315 shares during the period. LRI Investments LLC increased its stake in shares of Luminar Technologies by 32,352.8% during the 3rd quarter. LRI Investments LLC now owns 162,264 shares of the company’s stock valued at $146,000 after acquiring an additional 161,764 shares during the last quarter. Caz Investments LP lifted its holdings in shares of Luminar Technologies by 100.0% during the 3rd quarter. Caz Investments LP now owns 300,000 shares of the company’s stock worth $270,000 after acquiring an additional 150,000 shares during the period. Geode Capital Management LLC boosted its position in shares of Luminar Technologies by 17.9% in the third quarter. Geode Capital Management LLC now owns 8,774,934 shares of the company’s stock worth $7,896,000 after acquiring an additional 1,331,067 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Luminar Technologies in the third quarter valued at approximately $316,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

About Luminar Technologies

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.