Kathleen Johnson Acquires 100,000 Shares of Lumen Technologies (NYSE:LUMN) Stock

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen Johnson acquired 100,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the acquisition, the chief executive officer owned 100,000 shares in the company, valued at approximately $613,000. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lumen Technologies Trading Up 6.2%

LUMN stock opened at $6.27 on Friday. Lumen Technologies, Inc. has a one year low of $3.69 and a one year high of $11.95. The firm has a 50-day moving average of $7.41 and a two-hundred day moving average of $7.83. The firm 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 released its earnings results on Tuesday, August 4th. The technology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The business’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share. On average, equities research analysts anticipate that Lumen Technologies, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on LUMN. TD Cowen upped their price target on Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Wall Street Zen downgraded Lumen Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $8.11.

More 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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its holdings in shares of Lumen Technologies by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 61,599 shares of the technology company’s stock worth $479,000 after buying an additional 1,230 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Lumen Technologies by 1.7% during the 1st quarter. Lazard Asset Management LLC now owns 78,690 shares of the technology company’s stock valued at $547,000 after purchasing an additional 1,294 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Lumen Technologies by 4.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 31,875 shares of the technology company’s stock valued at $222,000 after purchasing an additional 1,393 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Lumen Technologies by 7.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 20,821 shares of the technology company’s stock worth $162,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of Lumen Technologies by 13.6% in the first quarter. Citizens Financial Group Inc. RI now owns 12,174 shares of the technology company’s stock valued at $85,000 after buying an additional 1,457 shares during the last quarter. 66.19% of the stock is owned by institutional investors and hedge funds.

About Lumen Technologies

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.