Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen E. Johnson Buys 750,000 Shares

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen E. Johnson acquired 750,000 shares of Lumen Technologies stock in a transaction on Thursday, May 2nd. The stock was purchased at an average cost of $1.28 per share, with a total value of $960,000.00. Following the purchase, the chief executive officer now directly owns 7,756,290 shares of the company’s stock, valued at approximately $9,928,051.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lumen Technologies Stock Up 3.1 %

Shares of LUMN traded up $0.04 during trading hours on Friday, reaching $1.33. 7,958,141 shares of the stock traded hands, compared to its average volume of 12,745,610. Lumen Technologies, Inc. has a 52 week low of $0.78 and a 52 week high of $2.70. The company has a current ratio of 1.03, a quick ratio of 1.35 and a debt-to-equity ratio of 36.89. The stock has a fifty day simple moving average of $1.49 and a 200 day simple moving average of $1.48. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -0.12 and a beta of 1.16.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Lumen Technologies had a negative net margin of 76.21% and a positive return on equity of 4.06%. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. On average, equities analysts forecast that Lumen Technologies, Inc. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LUMN. Strategies Wealth Advisors LLC bought a new position in Lumen Technologies in the 4th quarter worth about $26,000. Brighton Jones LLC bought a new position in Lumen Technologies during the 4th quarter worth approximately $27,000. HighPoint Advisor Group LLC purchased a new position in shares of Lumen Technologies in the fourth quarter worth $27,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Lumen Technologies during the third quarter worth about $30,000. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Lumen Technologies by 94.6% during the first quarter. Fidelis Capital Partners LLC now owns 22,142 shares of the technology company’s stock valued at $35,000 after acquiring an additional 10,764 shares in the last quarter. 66.19% of the stock is owned by institutional investors.

About Lumen Technologies

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.