LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) CEO Karim Donnez sold 230,557 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $2.33, for a total value of $537,197.81. Following the transaction, the chief executive officer owned 1,344,076 shares of the company’s stock, valued at approximately $3,131,697.08. This represents a 14.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
LiveWire Group Trading Down 14.3%
NYSE:LVWR opened at $1.76 on Friday. LiveWire Group, Inc. has a 12 month low of $0.65 and a 12 month high of $6.44. The stock has a market cap of $360.66 million, a price-to-earnings ratio of -4.77 and a beta of 1.71. The company has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.68. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62.
LiveWire Group (NYSE:LVWR – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported ($0.09) EPS for the quarter. The company had revenue of $9.12 million during the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on LVWR
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LVWR. Vanguard Group Inc. raised its stake in shares of LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after buying an additional 285,850 shares during the period. Geode Capital Management LLC lifted its holdings in shares of LiveWire Group by 102.0% in the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock worth $2,014,000 after buying an additional 221,071 shares in the last quarter. UBS Group AG lifted its stake in LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after purchasing an additional 17,672 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of LiveWire Group by 30.2% during the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after purchasing an additional 43,080 shares during the last quarter. 0.88% of the stock is currently owned by institutional investors.
LiveWire Group Company Profile
LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.
LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.
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