$Velodyne Lidar (VLDR.US)$ Director Virginia Boulet acquired 30,000 shares of the business's stock in a transaction dated Wednesday, November 30th. The shares were bought at an average cost of $0.99 per share, for a total transaction of $29,700.00. Following the transaction, the director now directly owns 243,028 shares of the company's stock, valued at approximately $240,597.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Velodyne Lidar Price Performance
NASDAQ VLDR opened at $0.98 on Thursday. The firm's fifty day moving average price is $0.96 and its 200 day moving average price is $1.17. Velodyne Lidar, Inc. has a 12 month low of $0.71 and a 12 month high of $5.72. The company has a market capitalization of $233.91 million, a price-to-earnings ratio of -1.16 and a beta of 1.22.
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Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on VLDR shares. Craig Hallum upgraded Velodyne Lidar from a "sell" rating to a "hold" rating and cut their price target for the stock from $1.00 to $0.85 in a report on Wednesday, November 9th. Oppenheimer reaffirmed a "market perform" rating on shares of Velodyne Lidar in a report on Wednesday, November 9th. The Goldman Sachs Group lowered their price target on shares of Velodyne Lidar from $1.50 to $1.00 and set a "neutral" rating for the company in a report on Tuesday, October 11th. JPMorgan Chase & Co. began coverage on shares of Velodyne Lidar in a report on Tuesday, September 20th. They issued an "underweight" rating on the stock. Finally, Westpark Capital initiated coverage on shares of Velodyne Lidar in a research report on Tuesday, November 1st. They set an "underperform" rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Velodyne Lidar currently has an average rating of "Hold" and an average price target of $2.44.
Hedge Funds Weigh In On Velodyne Lidar
Hedge funds have recently made changes to their positions in the company. Delphia USA Inc. acquired a new stake in shares of Velodyne Lidar in the 1st quarter valued at about $29,000. QCM Cayman Ltd. acquired a new stake in shares of Velodyne Lidar in the first quarter valued at approximately $36,000. Bison Wealth LLC purchased a new position in shares of Velodyne Lidar during the first quarter worth approximately $46,000. Point72 Hong Kong Ltd raised its position in Velodyne Lidar by 654.1% in the 1st quarter. Point72 Hong Kong Ltd now owns 19,357 shares of the company's stock valued at $50,000 after purchasing an additional 16,790 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Velodyne Lidar in the 1st quarter valued at $56,000. Hedge funds and other institutional investors own 39.54% of the company's stock.
About Velodyne Lidar
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Velodyne Lidar, Inc provides real-time 3D vision for autonomous systems worldwide. It offers surround-view lidar for autonomous vehicles, drones, security, mobile robots, and mapping applications; and solid state lidar for advanced driver assistance systems and autonomous applications. The company also provides Vella Development Kit that provides access to lidar-based perception software paired with sensors; Intelligent Infrastructure Solution for monitoring traffic networks and public spaces to generate real-time data analytics and predictions for enhancing traffic and crowd flow efficiency; and Vella software solution, a data curation software platform.
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