Caz Investments LP Sells 290,000 Shares of Luminar Technologies, Inc. (NASDAQ:LAZR)

Caz Investments LP decreased its holdings in shares of Luminar Technologies, Inc. (NASDAQ:LAZR) by 96.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,000 shares of the company’s stock after selling 290,000 shares during the period. Luminar Technologies accounts for 0.1% of Caz Investments LP’s portfolio, making the stock its 20th largest position. Caz Investments LP’s holdings in Luminar Technologies were worth $54,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DnB Asset Management AS bought a new stake in Luminar Technologies during the 4th quarter valued at about $91,000. Entropy Technologies LP bought a new stake in shares of Luminar Technologies during the fourth quarter valued at approximately $97,000. PEAK6 Investments LLC purchased a new stake in shares of Luminar Technologies in the third quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new position in Luminar Technologies in the fourth quarter worth approximately $155,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Luminar Technologies during the 3rd quarter worth $31,000. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

Luminar Technologies Trading Down 2.3 %

Shares of LAZR stock opened at $6.01 on Friday. Luminar Technologies, Inc. has a twelve month low of $4.48 and a twelve month high of $34.80. The stock has a fifty day simple moving average of $5.83 and a two-hundred day simple moving average of $8.77. The stock has a market capitalization of $200.21 million, a price-to-earnings ratio of -0.45 and a beta of 1.74.

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.