Insider Selling: LiveWire Group (NYSE:LVWR) Insider Sells 4,199 Shares of Stock

LiveWire Group, Inc. (NYSE:LVWR) insider Jon Bekefy sold 4,199 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $4.02, for a total transaction of $16,879.98. Following the transaction, the insider directly owned 116,749 shares in the company, valued at approximately $469,330.98. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

LiveWire Group Stock Performance

Shares of NYSE:LVWR traded up $0.17 during trading on Tuesday, reaching $4.41. The company had a trading volume of 68,482 shares, compared to its average volume of 1,155,525. The firm’s fifty day moving average is $4.83 and its 200 day moving average is $4.48. The firm has a market capitalization of $898.78 million, a PE ratio of -11.30 and a beta of 1.77. LiveWire Group, Inc. has a twelve month low of $0.93 and a twelve month high of $9.04.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter. The company had revenue of $5.70 million for the quarter. LiveWire Group had a negative net margin of 320.10% and a negative return on equity of 90.76%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of LiveWire Group by 82.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after acquiring an additional 3,042 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in LiveWire Group during the second quarter valued at about $35,000. BNP Paribas Financial Markets boosted its holdings in shares of LiveWire Group by 117.6% in the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after buying an additional 5,060 shares during the period. Tower Research Capital LLC TRC increased its position in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after acquiring an additional 5,812 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of LiveWire Group in the third quarter worth approximately $55,000. Institutional investors own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LiveWire Group currently has an average rating of “Sell”.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.