Aeye Director Luis Dussan Sells Shares Worth Over $31,000
AEye, Inc. (NASDAQ:LIDR) director Luis Dussan recently made headlines for selling a portion of his holdings in the company, as per the latest SEC filings. Dussan sold 7,439.7 shares at a weighted average price between **$4.1803** and **$4.2000**, amounting to over **$31,000**. This transaction has adjusted Dussan’s direct ownership in the company to 3,493.3 shares.
Known for its specialization in motor vehicle parts and accessories, AEye’s stock has been trading within this price range on the reported date. The sale was conducted in multiple trades, with the reported prices reflecting the weighted average sale price. Apart from his direct ownership, Dussan also holds indirect ownership through several family trusts, which collectively own substantial amounts of AEye stock. The Luis Dussan Trust A, the Jennifer Dussan Trust A, and the Luis Carlos Dussan Family Trust hold **244,832**, **36,000**, and **12,402** shares respectively.
Insider transactions are closely monitored by investors as they can provide insights into the executives’ views on the company’s current valuation and future prospects. This SEC filing sheds light on Dussan’s sale of common stock while confirming his continued vested interest in AEye through both direct and indirect holdings.
As AEye, Inc. (NASDAQ:LIDR) experiences insider trading activity with director Luis Dussan’s recent stock sale, it’s crucial to examine the broader financial landscape of the company. With a market capitalization of approximately **$28.57 million USD**, AEye’s Price to Book (P/B) ratio stands at **1.16** as of the last twelve months as of Q1 2024, indicating a reasonable valuation in terms of assets.
Investors analyzing AEye’s performance will note a significant **32.62%** increase in price total return over the last week, contrasting with a challenging **-21.28%** price total return over the past year. While the company holds more cash than debt and boasts liquid assets exceeding short-term obligations, challenges like cash burn and weak gross profit margins persist, with a **-796.23%** gross profit margin in the last twelve months as of Q1 2024.
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