Luminar Technologies, Inc. (NASDAQ:LAZR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in Luminar Technologies, Inc. (NASDAQ:LAZR) by 93.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 181,217 shares of the company’s stock after selling 2,810,192 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Luminar Technologies were worth $975,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Entropy Technologies LP purchased a new stake in shares of Luminar Technologies during the fourth quarter worth about $97,000. PEAK6 Investments LLC acquired a new stake in Luminar Technologies in the 3rd quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Luminar Technologies during the 4th quarter worth approximately $155,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Luminar Technologies during the third quarter valued at approximately $31,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Luminar Technologies in the third quarter valued at approximately $40,000. 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 Monday. The business’s 50 day moving average price is $5.83 and its 200-day moving average price is $8.73. Luminar Technologies, Inc. has a 1 year low of $4.48 and a 1 year high of $34.80. The firm has a market capitalization of $200.21 million, a PE ratio of -0.45 and a beta of 1.74.

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.