Lumen Technologies (NYSE:LUMN) Stock Price Up 15.8% After Insider Buying Activity

Lumen Technologies, Inc. (NYSE:LUMN)’s stock price shot up 15.8% on Friday after an insider bought additional shares in the company. The stock traded as high as $7.19 and last traded at $7.2160. 3,401,587 shares changed hands during trading, a decline of 75% from the average session volume of 13,823,936 shares. The stock had previously closed at $6.23.

Specifically, CEO Kathleen E. Johnson bought 78,685 shares of Lumen Technologies stock in a transaction that occurred on Thursday, February 5th. The stock was acquired at an average price of $6.35 per share, with a total value of $499,649.75. Following the acquisition, the chief executive officer owned 8,562,582 shares of the company’s stock, valued at approximately $54,372,395.70. This represents a 0.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LUMN shares. Wall Street Zen upgraded shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group raised their target price on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup lowered their price objective on Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday. Zacks Research raised Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada raised their price objective on Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lumen Technologies currently has an average rating of “Hold” and a consensus price target of $6.88.

Key Stories Impacting Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: CEO Kathleen Johnson bought 78,685 shares at ~$6.35 on Feb. 5, a near 1% increase in her stake — an insider purchase that signals management confidence and likely helped early buying interest. SEC Filing
• Positive Sentiment: Q4 results: Lumen beat EPS expectations (reported positive EPS vs. street loss) and management highlighted large AI-driven fiber demand, including ~$13B in PCF deals — a strategic win that supports revenue upside from enterprise/network investments. Zacks Article
• Positive Sentiment: Lumen reported Q1 CY2026 sales topping estimates and reiterated the strategic pivot to enterprise and network investments on the earnings call, which supports a constructive medium‑term narrative. Globe and Mail
• Neutral Sentiment: J.P. Morgan moved LUMN to a “Hold” (market perform), reflecting cautious support rather than a strong buy and keeping analyst sentiment mixed. Globe and Mail
• Neutral Sentiment: UBS nudged its price target up from $5 to $6 and kept a neutral rating — a modest vote of confidence but little near-term conviction. Benzinga
• Neutral Sentiment: Goldman lifted its price target to $7.25 (neutral), another mixed analyst move that provides incremental support but not a strong upgrade. Benzinga
• Negative Sentiment: Citigroup cut its price target to $10 (still above current levels but a cut), signaling concern about near‑term catalysts and trimming expectations. American Banking News
• Negative Sentiment: Raymond James flagged growth hurdles and downgraded/expressed caution around Lumen’s ability to reaccelerate revenue, and shares have been pressured by year‑over‑year revenue declines (~9% in Q4). Yahoo Finance
• Negative Sentiment: Coverage pieces noted earlier sharp intraday declines (AAII story on a ~19.7% drop), reflecting volatility after mixed results and analyst churn. AAII

Lumen Technologies Stock Performance

The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of -4.21 and a beta of 1.51. The stock has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $7.02.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Research analysts forecast that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Institutional Investors Weigh In On Lumen Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. boosted its position in shares of Lumen Technologies by 49.1% during the third quarter. UMB Bank n.a. now owns 4,105 shares of the technology company’s stock valued at $25,000 after buying an additional 1,351 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Lumen Technologies by 132.3% during the second quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company’s stock valued at $26,000 after purchasing an additional 3,391 shares in the last quarter. MRP Capital Investments LLC boosted its stake in shares of Lumen Technologies by 160.0% in the 2nd quarter. MRP Capital Investments LLC now owns 6,500 shares of the technology company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Lumen Technologies by 3,527.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,639 shares of the technology company’s stock worth $29,000 after acquiring an additional 6,456 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Lumen Technologies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

About Lumen Technologies

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.