Lumen Technologies (NYSE:LUMN) Stock: Insider Michelle Goldberg Buys 25,000 Shares

Lumen Technologies, Inc. (NYSE:LUMN) Director Michelle Goldberg acquired 25,000 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $3.91 per share, for a total transaction of $97,750.00. Following the acquisition, the director directly owned 101,591 shares in the company, valued at $397,220.81. This represents a 32.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Lumen Technologies Stock Up 9.0%

Shares of LUMN opened at $4.71 on Wednesday. Lumen Technologies, Inc. has a 52-week low of $3.84 and a 52-week high of $11.30. The stock has a market cap of $4.86 billion, a PE ratio of -4.62 and a beta of 1.94. The firm’s fifty day moving average is $5.51 and its two-hundred day moving average is $7.11.

Lumen Technologies (NYSE:LUMN) last issued its earnings results on Wednesday, November 4th. The technology company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.73 billion. As a group, research analysts anticipate that Lumen Technologies, Inc. will post -0.54 earnings per share for the current year.

Institutional Trading of Lumen Technologies

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in shares of Lumen Technologies during the 2nd quarter valued at approximately $18,541,000. Hsbc Holdings PLC grew its position in Lumen Technologies by 10.5% in the second quarter. Hsbc Holdings PLC now owns 9,685,625 shares of the technology company’s stock worth $74,242,000 after acquiring an additional 919,605 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Lumen Technologies during the second quarter worth $2,513,000. The Manufacturers Life Insurance Company acquired a new stake in Lumen Technologies during the second quarter worth $3,980,000. Finally, Congress Asset Management Co. increased its stake in Lumen Technologies by 21.3% during the third quarter. Congress Asset Management Co. now owns 1,191,427 shares of the technology company’s stock worth $6,672,000 after acquiring an additional 209,416 shares during the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies News Summary

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

Analyst Ratings Changes

Several equities research analysts recently commented on LUMN shares. The Goldman Sachs Group cut their price target on Lumen Technologies from $7.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. JPMorgan Chase & Co. lowered their price objective on Lumen Technologies from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 5th. Moffett Nathanson upgraded Lumen Technologies from a “sell” rating to a “neutral” rating and set a $4.00 target price for the company in a report on Friday, October 30th. Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Wells Fargo & Company reduced their price target on 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $6.19.

Lumen Technologies Company Profile

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.