Luna Innovations Incorporated (LUNA) Major Shareholder Clinic Carilion Sells 78,045 Shares

Luna Innovations Incorporated (NASDAQ:LUNA) major shareholder Clinic Carilion sold 78,045 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $3.39, for a total value of $264,572.55. Following the completion of the transaction, the insider now directly owns 2,060,338 shares in the company, valued at approximately $6,984,545.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Clinic Carilion also recently made the following trade(s):

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  • On Wednesday, April 11th, Clinic Carilion sold 44,012 shares of Luna Innovations stock. The shares were sold at an average price of $3.43, for a total value of $150,961.16.

NASDAQ LUNA opened at $3.40 on Tuesday. The company has a quick ratio of 3.51, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. Luna Innovations Incorporated has a one year low of $1.16 and a one year high of $4.00.

Several research firms have weighed in on LUNA. Zacks Investment Research lowered Luna Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Northland Securities reaffirmed a “buy” rating and set a $3.25 price target on shares of Luna Innovations in a research report on Wednesday, March 21st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Luna Innovations during the fourth quarter worth about $110,000. Alambic Investment Management L.P. acquired a new stake in shares of Luna Innovations during the fourth quarter worth about $178,000. Deutsche Bank AG raised its position in shares of Luna Innovations by 331.2% during the fourth quarter. Deutsche Bank AG now owns 100,910 shares of the scientific and technical instruments company’s stock worth $244,000 after purchasing an additional 77,510 shares during the period. Millennium Management LLC acquired a new stake in shares of Luna Innovations during the fourth quarter worth about $327,000. Finally, EAM Investors LLC acquired a new stake in shares of Luna Innovations during the fourth quarter worth about $666,000. 18.45% of the stock is currently owned by institutional investors.

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Luna Innovations Company Profile

Luna Innovations Incorporated develops, manufactures and markets fiber optic sensing and test, and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace, automotive, energy, composite, telecommunications and defense industries.

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