Lumen Technologies, Inc. $LUMN Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 32.5% in the first quarter, HoldingsChannel.com reports. The firm 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 reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LUMN. Kemnay Advisory Services Inc. acquired a new position in Lumen Technologies during the fourth quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Lumen Technologies during the 4th quarter valued at approximately $30,000. Ascentis Independent Advisors purchased a new stake in shares of Lumen Technologies during the 1st quarter worth approximately $27,000. Los Angeles Capital Management LLC acquired a new stake in shares of Lumen Technologies in the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. increased its stake in Lumen Technologies by 3,093.3% in the 4th quarter. Hantz Financial Services Inc. now owns 6,227 shares of the technology company’s stock valued at $48,000 after purchasing an additional 6,032 shares in the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

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 Stock Performance

Shares of NYSE:LUMN opened at $6.27 on Friday. The business’s fifty day moving average price is $7.41 and its two-hundred day moving average price is $7.83. The stock has a market cap of $6.46 billion, a PE ratio of -6.14 and a beta of 1.78. Lumen Technologies, Inc. has a one year low of $3.69 and a one year high of $11.95.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.07) earnings per share 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 analyst estimates of $2.74 billion. During the same period last year, the firm earned ($0.03) earnings per share. The business’s revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts predict that Lumen Technologies, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LUMN shares. Wells Fargo & Company reduced their price objective on Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. raised their price target on Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. The Goldman Sachs Group cut their price target on Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group boosted their price objective on shares of Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a report on Friday, July 17th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.11.

Insiders Place Their Bets

In other news, CEO Kathleen E. Johnson bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $6.13 per share, with a total value of $613,000.00. Following the purchase, the chief executive officer owned 100,000 shares of the company’s stock, valued at $613,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

Lumen Technologies 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.