Bank of New York Mellon Corp Sells 761,980 Shares of Luminar Technologies, Inc. (NASDAQ:LAZR)

Bank of New York Mellon Corp trimmed its holdings in Luminar Technologies, Inc. (NASDAQ:LAZR) by 92.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,301 shares of the company’s stock after selling 761,980 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Luminar Technologies worth $319,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LAZR. Geode Capital Management LLC grew its position in Luminar Technologies by 17.9% during the 3rd 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. State Street Corp raised its holdings in shares of Luminar Technologies by 2.7% during the third quarter. State Street Corp now owns 8,525,374 shares of the company’s stock valued at $7,670,000 after acquiring an additional 225,223 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Luminar Technologies by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,991,409 shares of the company’s stock valued at $2,691,000 after acquiring an additional 425,335 shares in the last quarter. Barclays PLC increased its position in Luminar Technologies by 469.2% during the 3rd quarter. Barclays PLC now owns 842,288 shares of the company’s stock valued at $757,000 after purchasing an additional 694,315 shares during the period. Finally, XTX Topco Ltd raised its holdings in Luminar Technologies by 819.6% in the 3rd quarter. XTX Topco Ltd now owns 649,175 shares of the company’s stock worth $584,000 after purchasing 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 Price Performance

Shares of NASDAQ LAZR opened at $6.01 on Friday. Luminar Technologies, Inc. has a 1 year low of $4.48 and a 1 year high of $34.80. The stock has a market capitalization of $200.21 million, a P/E ratio of -0.45 and a beta of 1.74. The company’s 50-day moving average is $5.83 and its 200 day moving average is $8.77.

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.