Karim Donnez Sells 230,557 Shares of LiveWire Group (NYSE:LVWR) Stock

LiveWire Group, Inc. (NYSE:LVWR) CEO Karim Donnez sold 230,557 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.33, for a total transaction of $537,197.81. Following the completion of the transaction, the chief executive officer directly owned 1,344,076 shares of the company’s stock, valued at approximately $3,131,697.08. This represents a 14.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LiveWire Group Price Performance

Shares of LVWR traded down $0.29 during mid-day trading on Friday, hitting $1.76. 3,105,715 shares of the company traded hands, compared to its average volume of 1,875,681. The stock has a market capitalization of $360.66 million, a price-to-earnings ratio of -4.77 and a beta of 1.71. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62. The business has a 50-day moving average of $1.19 and a 200 day moving average of $1.68. LiveWire Group, Inc. has a one year low of $0.65 and a one year high of $6.44.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 161.65%. The firm had revenue of $9.12 million during the quarter.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after acquiring an additional 3,167 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of LiveWire Group by 102.0% during the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock worth $2,014,000 after buying an additional 221,071 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in LiveWire Group during the second quarter worth approximately $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LiveWire Group by 84.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock valued at $92,000 after purchasing an additional 9,210 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after acquiring an additional 5,812 shares during the period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About LiveWire Group

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.