12,294 Shares in Luna Innovations Incorporated (NASDAQ:LUNA) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd purchased a new position in shares of Luna Innovations Incorporated (NASDAQ:LUNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,294 shares of the scientific and technical instruments company’s stock, valued at approximately $39,000.

A number of other hedge funds have also recently added to or reduced their stakes in LUNA. Wasatch Advisors LP boosted its holdings in Luna Innovations by 60.6% during the first quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock worth $6,484,000 after buying an additional 763,165 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Luna Innovations by 672.6% during the first quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 60,547 shares in the last quarter. Avenir Corp boosted its holdings in Luna Innovations by 35.3% during the fourth quarter. Avenir Corp now owns 221,180 shares of the scientific and technical instruments company’s stock worth $1,471,000 after buying an additional 57,700 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in Luna Innovations by 61.9% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 145,740 shares of the scientific and technical instruments company’s stock worth $466,000 after buying an additional 55,740 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Luna Innovations during the second quarter worth $107,000. 87.46% of the stock is owned by hedge funds and other institutional investors.

Luna Innovations Stock Performance

NASDAQ:LUNA opened at $2.21 on Monday. The company has a fifty day moving average of $2.45 and a two-hundred day moving average of $2.85. The stock has a market capitalization of $75.05 million, a PE ratio of -27.63 and a beta of 1.58. Luna Innovations Incorporated has a fifty-two week low of $1.91 and a fifty-two week high of $7.92.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Luna Innovations in a report on Sunday. They set a “sell” rating on the stock.

Luna Innovations Profile

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.