Key Points
- Director Jonathon Husby bought 10,350 shares on Nov. 12 at $2.40 each (total $24,840), raising his stake by 12.28% to 94,608 shares valued at about $227,059, as disclosed in an SEC filing.
- AEye shares traded at $2.52 (up 1.4%) with a market cap of ~$100.5M; the company remains unprofitable (negative P/E) despite beating quarterly EPS estimates while reporting only ~$0.05M in revenue.
- Analyst coverage is mixed (one Buy, one Sell, average rating: Hold with a $6 target), and institutional activity includes large inflows such as Vanguard increasing its stake significantly; institutions own ~21.6% of the stock.
AEye, Inc. (NASDAQ:LIDR - Get Free Report) Director Jonathon Husby acquired 10,350 shares of the business's stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $2.40 per share, for a total transaction of $24,840.00. Following the completion of the transaction, the director owned 94,608 shares in the company, valued at approximately $227,059.20. This represents a 12.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
AEye Stock Up 1.4%
AEye stock traded up $0.04 during trading hours on Thursday, hitting $2.52. The stock had a trading volume of 741,615 shares, compared to its average volume of 7,140,552. The stock's 50-day moving average price is $2.66 and its 200-day moving average price is $1.93. The stock has a market capitalization of $100.45 million, a P/E ratio of -1.16 and a beta of 2.94. AEye, Inc. has a 12-month low of $0.49 and a 12-month high of $6.44.
AEye (NASDAQ:LIDR - Get Free Report) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.07. The company had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.04 million. AEye had a negative return on equity of 102.95% and a negative net margin of 19,320.88%.
Wall Street Analyst Weigh In
LIDR has been the subject of several research reports. Wall Street Zen raised shares of AEye from a "sell" rating to a "hold" rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a "sell (e+)" rating on shares of AEye in a research report on Wednesday, October 8th. Finally, Alliance Global Partners started coverage on AEye in a research report on Monday, September 8th. They issued a "buy" rating and a $6.00 price target for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.00.
Get Our Latest Report on LIDR
Institutional Investors Weigh In On AEye
Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in AEye by 6.8% during the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company's stock valued at $112,000 after purchasing an additional 6,873 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of AEye during the 2nd quarter valued at about $34,000. Benjamin Edwards Inc. bought a new position in shares of AEye in the 3rd quarter valued at about $1,026,000. Finally, Vanguard Group Inc. grew its position in AEye by 819.6% in the third quarter. Vanguard Group Inc. now owns 676,840 shares of the company's stock worth $1,685,000 after acquiring an additional 603,241 shares in the last quarter. Institutional investors own 21.58% of the company's stock.
AEye Company Profile
(
Get Free Report)
AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
