Luna Innovations Incorporated (NASDAQ:LUNA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Luna Innovations Incorporated (NASDAQ:LUNA) by 69.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,590 shares of the scientific and technical instruments company’s stock after selling 88,925 shares during the period. Jane Street Group LLC owned about 0.12% of Luna Innovations worth $93,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Malaga Cove Capital LLC acquired a new position in shares of Luna Innovations in the third quarter worth $25,000. AQR Capital Management LLC acquired a new position in Luna Innovations in the 2nd quarter valued at about $37,000. Point72 DIFC Ltd purchased a new position in Luna Innovations in the 2nd quarter valued at about $39,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Luna Innovations during the 2nd quarter worth about $48,000. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Luna Innovations during the second quarter worth about $60,000. 87.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Luna Innovations in a research report on Saturday. They set a “sell” rating on the stock.

Luna Innovations Stock Performance

Luna Innovations stock opened at $1.00 on Wednesday. Luna Innovations Incorporated has a 1 year low of $0.70 and a 1 year high of $7.92. The firm has a 50 day moving average price of $1.66 and a 200 day moving average price of $2.10. The company has a market cap of $33.96 million, a price-to-earnings ratio of -12.50 and a beta of 1.56.

Luna Innovations Company Profile

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.