Investors Buy High Volume of Luminar Technologies Call Options (NASDAQ:LAZR)

Luminar Technologies, Inc. (NASDAQ:LAZR) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 7,165 call options on the company. This is an increase of approximately 8% compared to the average volume of 6,647 call options.

Institutional Inflows and Outflows

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

Luminar Technologies Trading Up 6.4 %

LAZR opened at $6.83 on Wednesday. Luminar Technologies has a twelve month low of $4.48 and a twelve month high of $34.80. The stock has a market cap of $227.53 million, a PE ratio of -0.51 and a beta of 1.74. The business’s 50 day moving average is $5.91 and its 200-day moving average is $9.10.

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.