Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) Insider Sells 8,088 Shares of Stock

LiveWire Group, Inc. (NYSE:LVWR) insider Jon Bekefy sold 8,088 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $8.14, for a total value of $65,836.32. Following the completion of the transaction, the insider now owns 122,386 shares in the company, valued at $996,222.04. This represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

LiveWire Group Price Performance

Shares of NYSE:LVWR opened at $5.62 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -12.22 and a beta of 1.73. The firm’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $3.23. LiveWire Group, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $9.04.

LiveWire Group (NYSE:LVWR) last issued its earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. The firm had revenue of $2.74 million during the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised LiveWire Group to a “sell” rating in a research note on Saturday.

Institutional Trading of LiveWire Group

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in LiveWire Group by 120.5% in the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock valued at $320,000 after acquiring an additional 36,357 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock valued at $224,000 after purchasing an additional 5,968 shares in the last quarter. Wexford Capital LP bought a new position in shares of LiveWire Group during the 4th quarter valued at about $87,000. Rhumbline Advisers grew its position in shares of LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after purchasing an additional 3,167 shares during the period. Finally, Nuveen LLC bought a new stake in LiveWire Group during the 1st quarter worth approximately $43,000. Institutional investors own 0.88% of the company’s stock.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.