Blair Lacorte Sells 5,217 Shares of AEye, Inc. (NASDAQ:LIDR) Stock

Posted by on May 23rd, 2022

AEye, Inc. (NASDAQ:LIDR – Get Rating) CEO Blair Lacorte sold 5,217 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $5.31, for a total value of $27,702.27. Following the completion of the sale, the chief executive officer now owns 2,625,781 shares in the company, valued at $13,942,897.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Blair Lacorte also recently made the following trade(s):

  • On Monday, May 23rd, Blair Lacorte sold 14,783 shares of AEye stock. The shares were sold at an average price of $5.01, for a total value of $74,062.83.

NASDAQ LIDR traded down $0.16 during trading hours on Monday, hitting $5.08. 596,776 shares of the company’s stock were exchanged, compared to its average volume of 625,528. The business’s 50 day moving average is $5.20 and its 200-day moving average is $4.63. AEye, Inc. has a 12-month low of $2.59 and a 12-month high of $12.25.

AEye (NASDAQ:LIDR – Get Rating) last released its quarterly earnings data on Friday, May 13th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). Equities analysts predict that AEye, Inc. will post -0.65 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in LIDR. UBS Group AG purchased a new position in shares of AEye in the 1st quarter worth about $26,000. Penserra Capital Management LLC purchased a new position in shares of AEye in the 3rd quarter worth about $33,000. Royal Bank of Canada purchased a new position in shares of AEye in the 3rd quarter worth about $35,000. Morgan Stanley purchased a new position in shares of AEye in the 3rd quarter worth about $36,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of AEye in the 3rd quarter worth about $39,000. Institutional investors own 26.50% of the company’s stock.

LIDR has been the topic of several recent research reports. DA Davidson reduced their price objective on AEye from $15.00 to $12.00 and set a “na” rating on the stock in a research report on Monday, May 16th. Zacks Investment Research downgraded AEye from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd.

AEye Company Profile (Get Rating)

AEye, Inc provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.

See Also

Want More Great Investing Ideas?

Receive News & Ratings for AEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEye and related companies with MarketBeat.com's FREE daily email newsletter.