Key Points
- AEye director Luis Dussan sold 32,000 shares on December 11 at an average price of $2.40 for $76,800, cutting his stake by 19.26% to 134,132 shares.
- The stock opened at $2.36 (down ~4.1%), trades in a 12‑month range of $0.49–$6.44 with a market cap of about $106.3M, and the company reported last quarter EPS of ($0.17) beating estimates but generated only $0.05M in revenue with deeply negative margins.
- Analyst coverage is mixed—consensus is a “Hold” with a $6 target—while institutional investors like Vanguard and UBS have materially increased positions, leaving institutions with roughly 21.6% ownership.
AEye, Inc. (NASDAQ:LIDR - Get Free Report) Director Luis Dussan sold 32,000 shares of the firm's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2.40, for a total value of $76,800.00. Following the completion of the sale, the director directly owned 134,132 shares of the company's stock, valued at $321,916.80. The trade was a 19.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
AEye Trading Down 4.1%
Shares of AEye stock opened at $2.36 on Friday. AEye, Inc. has a 12-month low of $0.49 and a 12-month high of $6.44. The company has a market cap of $106.34 million, a P/E ratio of -1.09 and a beta of 2.94. The company's fifty day simple moving average is $2.62 and its two-hundred day simple moving average is $2.19.
AEye (NASDAQ:LIDR - Get Free Report) last announced its earnings results on Friday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.07. AEye had a negative net margin of 19,320.88% and a negative return on equity of 102.95%. The firm had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.04 million.
Wall Street Analyst Weigh In
LIDR has been the subject of a number of research analyst reports. Wall Street Zen upgraded AEye from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Alliance Global Partners assumed coverage on AEye in a report on Monday, September 8th. They issued a "buy" rating and a $6.00 price objective for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of AEye in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.00.
Check Out Our Latest Report on LIDR
Hedge Funds Weigh In On AEye
Several large investors have recently modified their holdings of the stock. Two Sigma Investments LP bought a new position in AEye in the 3rd quarter worth about $95,000. Squarepoint Ops LLC purchased a new position in AEye in the third quarter worth about $33,000. UBS Group AG raised its holdings in AEye by 657.5% in the third quarter. UBS Group AG now owns 307,696 shares of the company's stock worth $766,000 after buying an additional 267,075 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 603,241 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of AEye during the third quarter valued at approximately $1,026,000. Hedge funds and other institutional investors own 21.58% of the company's stock.
About AEye
(
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.
Further Reading
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