Lumen Technologies (NYSE:LUMN) Shares Up 15.8% Following Insider Buying Activity

Lumen Technologies, Inc. (NYSE:LUMN)’s share price was up 15.8% during mid-day trading on Friday following insider buying activity. The stock traded as high as $7.19 and last traded at $7.2160. Approximately 3,401,587 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 13,823,936 shares. The stock had previously closed at $6.23.

Specifically, CEO Kathleen E. Johnson bought 78,685 shares of Lumen Technologies stock in a transaction dated Thursday, February 5th. The stock was purchased at an average cost of $6.35 per share, with a total value of $499,649.75. Following the transaction, the chief executive officer directly owned 8,562,582 shares of the company’s stock, valued at approximately $54,372,395.70. The trade was a 0.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup lowered their target price on Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Thursday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Lumen Technologies from $5.50 to $7.25 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Research upgraded Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Lumen Technologies in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.88.

Key Headlines Impacting Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: CEO Kathleen Johnson bought 78,685 shares at ~$6.35 on Feb. 5, a near 1% increase in her stake — an insider purchase that signals management confidence and likely helped early buying interest. SEC Filing
• Positive Sentiment: Q4 results: Lumen beat EPS expectations (reported positive EPS vs. street loss) and management highlighted large AI-driven fiber demand, including ~$13B in PCF deals — a strategic win that supports revenue upside from enterprise/network investments. Zacks Article
• Positive Sentiment: Lumen reported Q1 CY2026 sales topping estimates and reiterated the strategic pivot to enterprise and network investments on the earnings call, which supports a constructive medium‑term narrative. Globe and Mail
• Neutral Sentiment: J.P. Morgan moved LUMN to a “Hold” (market perform), reflecting cautious support rather than a strong buy and keeping analyst sentiment mixed. Globe and Mail
• Neutral Sentiment: UBS nudged its price target up from $5 to $6 and kept a neutral rating — a modest vote of confidence but little near-term conviction. Benzinga
• Neutral Sentiment: Goldman lifted its price target to $7.25 (neutral), another mixed analyst move that provides incremental support but not a strong upgrade. Benzinga
• Negative Sentiment: Citigroup cut its price target to $10 (still above current levels but a cut), signaling concern about near‑term catalysts and trimming expectations. American Banking News
• Negative Sentiment: Raymond James flagged growth hurdles and downgraded/expressed caution around Lumen’s ability to reaccelerate revenue, and shares have been pressured by year‑over‑year revenue declines (~9% in Q4). Yahoo Finance
• Negative Sentiment: Coverage pieces noted earlier sharp intraday declines (AAII story on a ~19.7% drop), reflecting volatility after mixed results and analyst churn. AAII

Lumen Technologies Price Performance

The company has a fifty day moving average price of $8.21 and a 200 day moving average price of $7.02. The company has a market cap of $7.48 billion, a PE ratio of -4.21 and a beta of 1.51.

Lumen Technologies (NYSE:LUMN) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.44. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. Lumen Technologies’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, sell-side analysts predict that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Lumen Technologies

Several hedge funds have recently added to or reduced their stakes in LUMN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Lumen Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after buying an additional 26,305 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Lumen Technologies by 26.8% during the first quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 57,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Lumen Technologies by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock worth $11,702,000 after acquiring an additional 300,328 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Lumen Technologies by 132.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company’s stock valued at $26,000 after purchasing an additional 3,391 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in Lumen Technologies by 11.6% in the second quarter. KLP Kapitalforvaltning AS now owns 204,400 shares of the technology company’s stock worth $895,000 after purchasing an additional 21,200 shares during the last quarter. Institutional investors own 66.19% of the company’s stock.

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.