Luna Innovations Incorporated (NASDAQ:LUNA) Major Shareholder Clinic Carilion Sells 100,000 Shares

Luna Innovations Incorporated (NASDAQ:LUNA) major shareholder Clinic Carilion sold 100,000 shares of Luna Innovations stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $6.03, for a total transaction of $603,000.00. Following the completion of the sale, the insider now owns 1,634,562 shares in the company, valued at $9,856,408.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Clinic Carilion also recently made the following trade(s):

  • On Monday, August 19th, Clinic Carilion sold 29,768 shares of Luna Innovations stock. The shares were sold at an average price of $6.02, for a total transaction of $179,203.36.
  • On Thursday, August 15th, Clinic Carilion sold 79,305 shares of Luna Innovations stock. The shares were sold at an average price of $5.58, for a total transaction of $442,521.90.
  • On Monday, August 12th, Clinic Carilion sold 83,861 shares of Luna Innovations stock. The shares were sold at an average price of $5.61, for a total transaction of $470,460.21.
  • On Thursday, August 8th, Clinic Carilion sold 54,495 shares of Luna Innovations stock. The shares were sold at an average price of $5.25, for a total transaction of $286,098.75.
  • On Thursday, August 1st, Clinic Carilion sold 45,505 shares of Luna Innovations stock. The shares were sold at an average price of $5.34, for a total transaction of $242,996.70.
  • On Monday, July 29th, Clinic Carilion sold 17,178 shares of Luna Innovations stock. The shares were sold at an average price of $5.02, for a total transaction of $86,233.56.
  • On Thursday, July 25th, Clinic Carilion sold 14,579 shares of Luna Innovations stock. The shares were sold at an average price of $5.00, for a total transaction of $72,895.00.
  • On Monday, July 22nd, Clinic Carilion sold 87,960 shares of Luna Innovations stock. The shares were sold at an average price of $5.02, for a total transaction of $441,559.20.
  • On Friday, July 19th, Clinic Carilion sold 30,208 shares of Luna Innovations stock. The shares were sold at an average price of $5.00, for a total transaction of $151,040.00.
  • On Wednesday, July 17th, Clinic Carilion sold 20,135 shares of Luna Innovations stock. The shares were sold at an average price of $5.02, for a total transaction of $101,077.70.

Luna Innovations stock traded up $0.01 during trading hours on Thursday, hitting $6.08. 5,915 shares of the company traded hands, compared to its average volume of 201,725. The firm has a market cap of $168.75 million, a P/E ratio of 152.00 and a beta of 0.74. The firm’s 50-day simple moving average is $5.12 and its two-hundred day simple moving average is $4.31. Luna Innovations Incorporated has a 1-year low of $2.68 and a 1-year high of $6.27.

Luna Innovations (NASDAQ:LUNA) last released its earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $0.02 EPS for the quarter. The firm had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $15.62 million. Luna Innovations had a net margin of 20.67% and a return on equity of 4.97%. Analysts anticipate that Luna Innovations Incorporated will post 0.15 EPS for the current year.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Luna Innovations from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective on the stock in a research report on Thursday, August 15th. Northland Securities raised shares of Luna Innovations from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research note on Thursday, August 8th. ValuEngine cut shares of Luna Innovations from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, TheStreet raised shares of Luna Innovations from a “c+” rating to a “b” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.92.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in Luna Innovations by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,290,450 shares of the scientific and technical instruments company’s stock valued at $5,807,000 after buying an additional 29,943 shares during the period. Dimensional Fund Advisors LP increased its stake in Luna Innovations by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 552,213 shares of the scientific and technical instruments company’s stock valued at $1,850,000 after buying an additional 49,010 shares during the period. BlackRock Inc. increased its stake in Luna Innovations by 67.4% during the 2nd quarter. BlackRock Inc. now owns 500,914 shares of the scientific and technical instruments company’s stock valued at $2,254,000 after buying an additional 201,612 shares during the period. Essex Investment Management Co. LLC increased its stake in Luna Innovations by 16.6% during the 2nd quarter. Essex Investment Management Co. LLC now owns 345,912 shares of the scientific and technical instruments company’s stock valued at $1,557,000 after buying an additional 49,322 shares during the period. Finally, Morgan Stanley increased its stake in Luna Innovations by 9.7% during the 2nd quarter. Morgan Stanley now owns 217,025 shares of the scientific and technical instruments company’s stock valued at $976,000 after buying an additional 19,190 shares during the period. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

Luna Innovations Company Profile

Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.

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Insider Buying and Selling by Quarter for Luna Innovations (NASDAQ:LUNA)

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