Velodyne Lidar, Inc. (NASDAQ:VLDR) CMO Sells $10,171.46 in Stock

Velodyne Lidar, Inc. (NASDAQ:VLDR) CMO Sally Frykman sold 1,102 shares of Velodyne Lidar stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $9.23, for a total transaction of $10,171.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sally Frykman also recently made the following trade(s):

  • On Thursday, June 10th, Sally Frykman sold 1,474 shares of Velodyne Lidar stock. The shares were sold at an average price of $11.38, for a total transaction of $16,774.12.
  • On Tuesday, June 1st, Sally Frykman sold 2,926 shares of Velodyne Lidar stock. The shares were sold at an average price of $10.00, for a total transaction of $29,260.00.

VLDR opened at $8.56 on Thursday. Velodyne Lidar, Inc. has a fifty-two week low of $8.03 and a fifty-two week high of $32.50. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -9.20 and a beta of 0.94. The stock has a 50-day simple moving average of $10.27.

Velodyne Lidar (NASDAQ:VLDR) last posted its earnings results on Monday, May 10th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). The company had revenue of $17.70 million for the quarter, compared to the consensus estimate of $14.90 million. During the same quarter in the previous year, the company earned ($0.19) EPS. Velodyne Lidar’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Velodyne Lidar, Inc. will post -1.24 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Inspire Advisors LLC bought a new stake in Velodyne Lidar in the 4th quarter worth about $34,000. JPMorgan Chase & Co. bought a new stake in Velodyne Lidar in the 4th quarter worth about $35,000. Quantbot Technologies LP grew its position in Velodyne Lidar by 82.3% in the 1st quarter. Quantbot Technologies LP now owns 4,026 shares of the company’s stock worth $45,000 after purchasing an additional 1,818 shares in the last quarter. Creative Planning grew its position in Velodyne Lidar by 28.5% in the 1st quarter. Creative Planning now owns 14,129 shares of the company’s stock worth $161,000 after purchasing an additional 3,134 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Velodyne Lidar by 633.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 3,728 shares of the company’s stock worth $42,000 after purchasing an additional 3,220 shares in the last quarter. 12.23% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Craig Hallum cut shares of Velodyne Lidar from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Tuesday, March 30th. Needham & Company LLC dropped their price objective on shares of Velodyne Lidar from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, May 11th. Zacks Investment Research lowered shares of Velodyne Lidar from a “buy” rating to a “hold” rating in a report on Saturday, July 3rd. Bank of America began coverage on shares of Velodyne Lidar in a report on Tuesday, April 20th. They set an “underperform” rating on the stock. Finally, The Goldman Sachs Group began coverage on shares of Velodyne Lidar in a report on Sunday, April 18th. They set a “neutral” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Velodyne Lidar currently has an average rating of “Hold” and an average target price of $19.40.

Velodyne Lidar Company Profile

Velodyne Lidar, Inc provides real-time three-dimensional vision for autonomous systems worldwide. It offers a broad lineup of surround-view lidar to support numerous end applications, including autonomous vehicles, drones, security, and mapping; and solid state lidar technology that combine the high reliability and long lifetime of traditional micro electro-mechanical systems solutions.

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Insider Buying and Selling by Quarter for Velodyne Lidar (NASDAQ:VLDR)

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