Insider Buying: Lumen Technologies (NYSE:LUMN) CEO Buys $613,000.00 in Stock

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen Johnson bought 100,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $6.13 per share, with a total value of $613,000.00. Following the purchase, the chief executive officer owned 100,000 shares in the company, valued at $613,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lumen Technologies Price Performance

Shares of LUMN stock opened at $6.27 on Friday. The business has a 50-day moving average of $7.41 and a 200 day moving average of $7.83. Lumen Technologies, Inc. has a 1-year low of $3.69 and a 1-year high of $11.95. The stock has a market capitalization of $6.46 billion, a PE ratio of -6.14 and a beta of 1.78.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Lumen Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share. Analysts anticipate that Lumen Technologies, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Lumen Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Lumen Technologies in the 4th quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Lumen Technologies during the fourth quarter worth about $30,000. Versant Capital Management Inc grew its holdings in Lumen Technologies by 90.3% in the second quarter. Versant Capital Management Inc now owns 3,920 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,860 shares during the period. Ascentis Independent Advisors purchased a new stake in Lumen Technologies in the first quarter worth about $27,000. Finally, Trust Asset Management LLC bought a new position in shares of Lumen Technologies during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LUMN shares. UBS Group upped their price target 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. Wells Fargo & Company decreased 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. TD Cowen increased their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lumen Technologies currently has an average rating of “Reduce” and an average price target of $8.11.

Key Lumen Technologies News

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.