Sei Investments Co. increased its stake in shares of Lumen Technologies, Inc. (NYSE:LUMN – Free Report) by 32.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,773 shares of the technology company’s stock after acquiring an additional 87,099 shares during the quarter. Sei Investments Co.’s holdings in Lumen Technologies were worth $2,466,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LUMN. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Lumen Technologies by 210.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 562,520 shares of the technology company’s stock valued at $4,372,000 after purchasing an additional 381,391 shares during the last quarter. CapWealth Advisors LLC increased its position in Lumen Technologies by 3.2% during the fourth quarter. CapWealth Advisors LLC now owns 6,699,685 shares of the technology company’s stock worth $52,057,000 after buying an additional 204,970 shares during the period. Fifth Third Bancorp increased its position in Lumen Technologies by 3,775.1% during the first quarter. Fifth Third Bancorp now owns 224,216 shares of the technology company’s stock worth $1,558,000 after buying an additional 218,430 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in Lumen Technologies in the fourth quarter valued at approximately $2,156,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Lumen Technologies by 163.6% in the first quarter. Kestra Advisory Services LLC now owns 323,813 shares of the technology company’s stock valued at $2,251,000 after acquiring an additional 200,969 shares during the period. 66.19% of the stock is owned by hedge funds and other institutional investors.
Lumen Technologies Stock Performance
Shares of LUMN opened at $6.27 on Friday. The stock has a market capitalization of $6.46 billion, a P/E ratio of -6.14 and a beta of 1.78. Lumen Technologies, Inc. has a 1 year low of $3.69 and a 1 year high of $11.95. The company’s fifty day moving average is $7.41 and its two-hundred day moving average is $7.83.
Insider Buying and Selling
In other news, CEO Kathleen E. Johnson acquired 100,000 shares of Lumen Technologies stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $613,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Wells Fargo & Company lowered their price objective on shares of Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group upped their target price on shares of Lumen Technologies from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group decreased their target price on shares of Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating for the company in a research note on Wednesday. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $8.11.
Check Out Our Latest Stock Report on Lumen Technologies
Lumen Technologies News Roundup
Here are the key news stories impacting Lumen Technologies this week:
- Positive Sentiment: CEO Kathleen Johnson purchased 100,000 LUMN shares for approximately $613,000 at an average price of $6.13. The sizable open-market purchase signals management confidence in Lumen’s turnaround and better aligns the CEO’s interests with shareholders. Insider Buying: Lumen Technologies CEO Acquires Stock
- Positive Sentiment: Lumen’s second-quarter loss of $0.07 per share was narrower than the $0.13 analyst consensus, while revenue of $2.81 billion exceeded expectations of $2.74 billion. The earnings beat provides evidence that cost controls and the company’s transformation may be progressing. What Changed for Lumen After Earnings Beat
- Positive Sentiment: Lumen is extending its multi-cloud strategy through an Amdocs agreement to modernize enterprise service orchestration and order management on AWS. The initiative could improve service delivery and support growth in cloud- and AI-related offerings. Lumen Extends Multi-Cloud Strategy
- Neutral Sentiment: Analyst opinion remains mixed: several firms maintain Hold or Neutral ratings, while the broader consensus is Reduce. This suggests the earnings beat and insider purchase have not yet resolved uncertainty surrounding Lumen’s long-term turnaround. Analysts Conflicted on Communication Services Names
- Negative Sentiment: Revenue declined 9.3% year over year to $2.81 billion, underscoring continued weakness in Lumen’s legacy businesses. Investors remain concerned that growth in strategic services may not yet be sufficient to offset those declines.
- Negative Sentiment: Goldman Sachs lowered its LUMN price target from $8.50 to $7.25, while Wells Fargo issued a pessimistic forecast and also reduced expectations. The cuts reinforce concerns about limited near-term upside and likely contributed to pressure on the stock. Lumen Shares Down on Analyst Downgrade
Lumen Technologies Company Profile
Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.
Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.
Featured Articles
- Five stocks we like better than Lumen Technologies
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Receive News & Ratings for Lumen Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumen Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
