Luminar Technologies Sees Unusually Large Options Volume (NASDAQ:LAZR)

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

Luminar Technologies Stock Up 21.9 %

NASDAQ LAZR traded up $1.11 during trading on Monday, reaching $6.16. 3,523,871 shares of the stock traded hands, compared to its average volume of 2,155,441. The firm has a market cap of $205.04 million, a price-to-earnings ratio of -0.46 and a beta of 1.74. The stock’s 50-day moving average price is $6.00 and its 200 day moving average price is $9.22. Luminar Technologies has a fifty-two week low of $4.47 and a fifty-two week high of $34.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Luminar Technologies in the fourth quarter worth $40,000. DnB Asset Management AS bought a new position in shares of Luminar Technologies in the fourth quarter valued at about $91,000. Entropy Technologies LP bought a new position in shares of Luminar Technologies in the fourth quarter valued at about $97,000. Brevan Howard Capital Management LP raised its position in shares of Luminar Technologies by 199.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 32,160 shares of the company’s stock valued at $173,000 after purchasing an additional 21,416 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in shares of Luminar Technologies in the third quarter valued at about $25,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

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.