Insider Buying: AEye, Inc. (NASDAQ:LIDR) Director Buys 36,707 Shares of Stock

AEye, Inc. (NASDAQ:LIDR) Director Jonathon B. Husby purchased 36,707 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $0.54 per share, with a total value of $19,821.78. Following the acquisition, the director now owns 84,258 shares in the company, valued at approximately $45,499.32. This represents a 77.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AEye Price Performance

NASDAQ LIDR traded down $0.04 during trading on Thursday, reaching $0.53. 295,426 shares of the company traded hands, compared to its average volume of 3,143,899. The stock’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $1.12. AEye, Inc. has a 1-year low of $0.51 and a 1-year high of $5.15. The company has a market cap of $9.91 million, a price-to-earnings ratio of -0.11 and a beta of 2.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.24 and a current ratio of 2.26.

AEye (NASDAQ:LIDR) last announced its earnings results on Thursday, February 20th. The company reported ($0.91) earnings per share (EPS) for the quarter. The firm had revenue of $0.05 million for the quarter. AEye had a negative return on equity of 169.57% and a negative net margin of 17,554.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LIDR. Citadel Advisors LLC bought a new position in AEye in the 4th quarter valued at $92,000. Two Sigma Investments LP increased its stake in shares of AEye by 462.0% in the fourth quarter. Two Sigma Investments LP now owns 74,736 shares of the company’s stock valued at $95,000 after buying an additional 61,437 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of AEye in the fourth quarter valued at $77,000. Two Sigma Securities LLC bought a new position in shares of AEye in the fourth quarter valued at about $66,000. Finally, Commonwealth Equity Services LLC acquired a new position in AEye during the 4th quarter worth about $43,000. 21.58% of the stock is owned by institutional investors and hedge funds.

AEye Company Profile

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.