AEye, Inc. (NASDAQ:LIDR) director Luis Dussan has recently sold a portion of his holdings in the company, according to the latest SEC filings. Dussan parted with 7,439.7 shares at a weighted average price between $4.1803 and $4.2000, totaling over $31,000. This transaction has adjusted Dussan's direct ownership in the company to 3,493.3 shares.
AEye, known for its specialization in motor vehicle parts and accessories, has seen its stock trade within this price range on the reported date. The sale was executed in multiple trades, and the prices reported reflect the weighted average sale price. Dussan, who is also the trustee of several family trusts, has indirect ownership through these trusts, which hold substantial amounts of AEye stock. The Luis Dussan Trust A, the Jennifer Dussan Trust A, and the Luis Carlos Dussan Family Trust hold 244,832, 36,000, and 12,402 shares respectively.
The SEC filing provides a transparent look at the insider transactions and the current stakes held by company insiders. While the document details the sale of common stock by Dussan, it also reaffirms his remaining vested interest in AEye through both direct and indirect holdings. Investors often keep a keen eye on insider transactions as they may provide insights into the executives' perspectives on the company's current valuation and future prospects.
InvestingPro Insights
As AEye, Inc. (NASDAQ:LIDR) experiences insider trading activity with director Luis Dussan's recent stock sale, it's essential to understand the broader financial context of the company. InvestingPro data shows a market capitalization of approximately $28.57 million USD, indicating the size of the company in the current market. Notably, the company's Price to Book (P/B) ratio stands at 1.16 as of the last twelve months as of Q1 2024, which might suggest that the stock is reasonably valued in terms of its assets.
Investors looking at AEye's performance will find that the company has had a significant return over the last week, with a 32.62% increase in price total return. This short-term surge contrasts with a more challenging long-term performance, as evidenced by a -21.28% price total return over the past year.
Two InvestingPro Tips that stand out for AEye include the company's ability to hold more cash than debt on its balance sheet, which could provide some financial stability, and the fact that liquid assets exceed short-term obligations, offering the company a degree of liquidity. However, these positive aspects are tempered by the company's challenges, such as quickly burning through cash and weak gross profit margins, as highlighted by a -796.23% gross profit margin in the last twelve months as of Q1 2024.
For those interested in a more in-depth analysis, InvestingPro offers additional tips and metrics for AEye, Inc., which can be found at https://www.investing.com/pro/LIDR. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights that could shape investment decisions. With a total of 15 InvestingPro Tips available, investors have a wealth of information at their fingertips to assess the potential risks and opportunities associated with AEye stock.
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