A company insider recently sold 707 shares of Velodyne Lidar Inc. [VLDR]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Velodyne Lidar Inc. shares valued at $697 were sold by Tarman Laura on Jul 15. At $0.99 per share, Tarman Laura sold 707 shares. The insider’s holdings dropped to 518,485 shares worth approximately $0.86 million following the completion of this transaction.


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Also, Barnhart James sold 5,004 shares, netting a total of over 4,930 in proceeds. Following the sale of shares at $0.99 each, the insider now holds 1,117,727 shares.

Before that, Frykman Sally had sold 1,179 shares from its account. In a trade valued at $1,162, the Chief Marketing Officer traded Velodyne Lidar Inc. shares for $0.99 each. Upon closing the transaction, the insider’s holdings decreased to 1,179 shares, worth approximately $0.73 million.

As published in a research note from Craig Hallum on March 01, 2022, Velodyne Lidar Inc. [VLDR] has been rated down from a Hold to a Sell and the price target has been revised to $2.50 from $3.50. This represents a 34.0% premium over Thursday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of July 20, 2021, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for VLDR. Earlier on April 20, 2021, BofA Securities initiated its rating. Their recommendation was “an Underperform” for VLDR stock.

Analyzing VLDR’s Price Performance

On Thursday, Velodyne Lidar Inc. [NASDAQ: VLDR] rose 3.77% to $1.65. The stock’s lowest price that day was $1.57, but it reached a high of $2.14 in the same session. During the last five days, there has been a surge of approximately 28.91%. Over the course of the year, Velodyne Lidar Inc. shares have dropped approximately -64.44%. Shares of the company reached a 52-week high of $4.9950 on 01/03/22 and a 52-week low of $0.8250 on 07/01/22. A 50-day SMA is recorded $1.2058, while a 200-day SMA reached $3.1070. Nevertheless, trading volume fell to 34.33 million shares from 3.55 million shares the previous day.

Support And Resistance Levels for Velodyne Lidar Inc. (VLDR)

According to the 24-hour chart, there is a support level at 1.4333, which, if violated, would cause prices to drop to 1.2167. In the upper region, resistance lies at 2.0033. The next price resistance is at 2.3567. RSI (Relative Strength Index) is 71.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2802, which suggests the price will decrease in the coming days. Percent R is at 41.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Velodyne Lidar Inc. subject to short interest?

Stocks of Velodyne Lidar Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.36 million shares to 14.27 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.91 million shares. A jump of 16.54% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.56.

Which companies own the most shares of Velodyne Lidar Inc. (VLDR)?

According to The Vanguard Group, Inc. filings, the company currently owns 9,286,232 shares, which is about 4.47% of the total VLDR shares outstanding. The investor’s shares have appreciated by 653,767 from its previous 13-F filing of 8632465.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $4,669,512. Two Sigma Investments LP acquire a 104.49% interest valued at $3.78 million while Two Sigma Advisers LP purchased a 2,979,300 stake. A total of 229,672 shares of Velodyne Lidar Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -267,131 were sold by Global X Management Co. LLC. In its current portfolio, Millennium Management LLC holds 2,877,465 shares valued at $2.75 million.

In terms of Velodyne Lidar Inc. share price expectations, FactSet research, analysts set an average price target of $3.43 in the next 12 months, up nearly 25.79% from the previous closing price of $1.59. Analysts anticipate Velodyne Lidar Inc. stock to reach $12.00 by 2022, with the lowest price target being $1.50. In spite of this, 7 analysts ranked Velodyne Lidar Inc. stock as a Hold at the end of 2022. On April 19, 2021, Goldman assigned a price target of “a Neutral” to the stock and initiated coverage with a $13.

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