Insider Selling: Luna Innovations Incorporated (NASDAQ:LUNA) Major Shareholder Sells 79,305 Shares of Stock

Luna Innovations Incorporated (NASDAQ:LUNA) major shareholder Clinic Carilion sold 79,305 shares of Luna Innovations stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $5.58, for a total value of $442,521.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

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

Luna Innovations stock traded up $0.39 during mid-day trading on Friday, hitting $5.93. 220,023 shares of the company were exchanged, compared to its average volume of 98,410. The business’s 50 day simple moving average is $4.94 and its two-hundred day simple moving average is $4.25. The company has a market capitalization of $163.41 million, a P/E ratio of 148.25 and a beta of 0.74. Luna Innovations Incorporated has a 12-month low of $2.68 and a 12-month high of $5.99.

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

LUNA has been the subject of several research reports. Northland Securities raised Luna Innovations from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Thursday, August 8th. TheStreet raised Luna Innovations from a “c+” rating to a “b” rating in a report on Wednesday. Zacks Investment Research raised Luna Innovations from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective for the company in a report on Thursday. Finally, ValuEngine downgraded Luna Innovations from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. One equities 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 company has a consensus rating of “Buy” and a consensus price target of $5.92.

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Luna Innovations by 9.7% in the fourth 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 purchasing an additional 49,010 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Luna Innovations by 12,592.3% in the fourth quarter. Deutsche Bank AG now owns 9,900 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 9,822 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Luna Innovations in the first quarter valued at approximately $47,000. Acadian Asset Management LLC increased its holdings in shares of Luna Innovations by 11.9% in the first quarter. Acadian Asset Management LLC now owns 116,199 shares of the scientific and technical instruments company’s stock valued at $484,000 after purchasing an additional 12,397 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Luna Innovations in the first quarter valued at approximately $417,000. 21.93% of the stock is owned by 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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