Lumen Technologies (NYSE:LUMN) Stock: Insider Kathleen Johnson Purchases 100,000 Shares

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen Johnson purchased 100,000 shares of Lumen Technologies stock in a transaction on Friday, November 6th. The stock was bought at an average cost of $3.97 per share, with a total value of $397,000.00. Following the transaction, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $794,000. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lumen Technologies Stock Performance

LUMN opened at $4.71 on Wednesday. The company has a market cap of $4.86 billion, a PE ratio of -4.62 and a beta of 1.94. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $7.11. Lumen Technologies, Inc. has a 52-week low of $3.84 and a 52-week high of $11.30.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.73 billion. On average, research analysts predict that Lumen Technologies, Inc. will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. TD Cowen decreased their price objective on shares of Lumen Technologies from $9.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Citigroup lowered their target price on shares of Lumen Technologies from $8.25 to $5.50 and set a “neutral” rating on the stock in a research note on Friday, November 6th. Finally, Wells Fargo & Company dropped their target price on shares of Lumen Technologies from $7.50 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, November 5th. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lumen Technologies has a consensus rating of “Reduce” and a consensus price target of $6.19.

Key Lumen Technologies News

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

• Positive Sentiment: CEO Kathleen Johnson bought 100,000 shares for about $397,000, doubling her holdings, while Director Michelle Goldberg purchased 25,000 shares for about $97,750. The trades, made after Lumen’s post-earnings dip, may signal confidence from company leaders and helped put insider buying in focus. Article: Why Lumen rallied
• Positive Sentiment: Management highlighted growing enterprise demand for AI-related networking and a 10% year-over-year increase in strategic sales. The company is also looking to recover value from its legacy copper network as it shifts toward AI services, though the financial impact is not yet clear. Article: Lumen Q3 earnings call Article: Copper recovery and AI pivot
• Neutral Sentiment: Lumen released an update warning that cyberattacks are accelerating, including cases where attackers exploited a newly disclosed vulnerability within 24 hours. The report showcases the company’s cybersecurity expertise, but no direct financial impact was reported. Article: Lumen cyber threat report
• Negative Sentiment: Third-quarter revenue of about $2.72 billion came in slightly below expectations, despite adjusted EPS beating estimates. The revenue miss and continuing losses leave execution and profitability as key risks. Article: Lumen Q3 earnings call
• Negative Sentiment: Citigroup lowered its price target, adding to recent target reductions by other firms and tempering the positive signal from insider buying. Article: Citigroup price-target reduction

Institutional Trading of Lumen Technologies

Several hedge funds have recently added to or reduced their stakes in LUMN. BlackRock Inc. grew its holdings in Lumen Technologies by 3.5% in the 2nd quarter. BlackRock Inc. now owns 142,261,845 shares of the technology company’s stock valued at $1,092,571,000 after buying an additional 4,796,141 shares during the last quarter. State Street Corp lifted its holdings in shares of Lumen Technologies by 4.3% during the second quarter. State Street Corp now owns 48,003,189 shares of the technology company’s stock worth $368,664,000 after buying an additional 1,990,860 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lumen Technologies by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 14,994,640 shares of the technology company’s stock worth $104,156,000 after buying an additional 144,664 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lumen Technologies by 87.2% in the second quarter. Bank of New York Mellon Corp now owns 10,489,367 shares of the technology company’s stock valued at $80,558,000 after acquiring an additional 4,886,999 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Lumen Technologies by 18.7% in the second quarter. Allianz Asset Management GmbH now owns 10,074,316 shares of the technology company’s stock valued at $77,371,000 after acquiring an additional 1,585,083 shares during the period. Institutional investors own 66.19% of the company’s stock.

About Lumen Technologies

Lumen Technologies is a telecommunications and technology company that provides network and digital services primarily to businesses, government agencies, and wholesale customers. Its offerings include fiber and internet connectivity, private networking, voice and collaboration services, cloud connectivity, and managed security solutions. The company serves customers across North America and in international markets through its fiber network and related technology platforms. Lumen has shifted its focus toward enterprise services in recent years, including after selling consumer and local-exchange operations in several states.