New York State Common Retirement Fund Has $40,000 Stock Holdings in Luminar Technologies, Inc. (NASDAQ:LAZR)

New York State Common Retirement Fund lessened its holdings in Luminar Technologies, Inc. (NASDAQ:LAZR) by 93.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,516 shares of the company’s stock after selling 105,239 shares during the quarter. New York State Common Retirement Fund’s holdings in Luminar Technologies were worth $40,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LAZR. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 1,331,067 shares in the last quarter. Barclays PLC boosted its holdings in shares of Luminar Technologies by 469.2% in 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 in the last quarter. XTX Topco Ltd boosted its holdings in shares of Luminar Technologies by 819.6% in the 3rd quarter. XTX Topco Ltd now owns 649,175 shares of the company’s stock valued at $584,000 after purchasing an additional 578,582 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Luminar Technologies in the 3rd quarter valued at $457,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Luminar Technologies by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,991,409 shares of the company’s stock valued at $2,691,000 after purchasing an additional 425,335 shares in the last quarter. Institutional investors and hedge funds own 30.99% of the company’s stock.

Wall Street Analyst Weigh In

LAZR has been the topic of several recent research reports. The Goldman Sachs Group cut their price objective on Luminar Technologies from $11.25 to $7.50 and set a “sell” rating on the stock in a report on Thursday, November 14th. Craig Hallum cut their price objective on Luminar Technologies from $22.50 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.06.

Luminar Technologies Stock Down 1.9 %

Shares of NASDAQ:LAZR opened at $5.17 on Friday. The firm has a market cap of $172.23 million, a P/E ratio of -0.39 and a beta of 1.74. Luminar Technologies, Inc. has a 12-month low of $4.47 and a 12-month high of $34.80. The business has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $9.73.

Luminar Technologies 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.