Kathleen Johnson Buys 78,685 Shares of Lumen Technologies (NYSE:LUMN) Stock

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen Johnson purchased 78,685 shares of Lumen Technologies stock in a transaction dated Thursday, February 5th. The shares were bought at an average price of $6.35 per share, for a total transaction of $499,649.75. Following the acquisition, the chief executive officer owned 8,562,582 shares in the company, valued at approximately $54,372,395.70. This trade represents a 0.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lumen Technologies Trading Up 29.4%

Shares of LUMN opened at $8.06 on Friday. Lumen Technologies, Inc. has a 12-month low of $3.01 and a 12-month high of $11.95. The firm has a market capitalization of $8.27 billion, a P/E ratio of -4.63 and a beta of 1.51. The firm has a 50-day moving average price of $8.21 and a 200 day moving average price of $7.04.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. Lumen Technologies’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Equities research analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current fiscal year.

More Lumen Technologies News

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

• Positive Sentiment: CEO Kathleen (Kate) Johnson purchased ~78,685 shares (~$499.6k) at about $6.35 on Feb. 5, a near 1% increase in her stake — a strong insider signal that likely supported buyer demand. Read More. Read More.
• Positive Sentiment: Recent quarterly results showed an EPS beat and management highlighted AI-driven fiber demand and enterprise/network wins; revenue topped some estimates — supportive fundamental news for recovery narrative. Read More.
• Neutral Sentiment: Major brokers remain mixed: J.P. Morgan moved to “Hold” (neutral), UBS nudged its target up from $5 to $6 while staying neutral, and Goldman raised its target modestly — these provide incremental support but no strong bullish upgrade. Read More. Read More.
• Negative Sentiment: Unusually large put‑option activity: about 76,952 puts traded (a ~157% jump vs. typical daily put volume) — suggests elevated bearish bets or hedging that can pressure the stock or increase intraday volatility.
• Negative Sentiment: Citigroup cut its price target (from $11 to $10), and other coverage has highlighted year‑over‑year revenue declines (~8–9% in the quarter) — reminders that growth re‑acceleration remains uncertain. Read More.
• Negative Sentiment: Coverage noted a prior sharp intraday drop (~19.7%), underscoring recent volatility and the potential for outsized moves on mixed news or analyst actions. Read More.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LUMN. UBS Group upped their price target on Lumen Technologies from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of Lumen Technologies in a research report on Wednesday. Citigroup decreased their price objective on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank Of Canada increased their price objective on shares of Lumen Technologies from $4.25 to $8.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.88.

Institutional Investors Weigh In On Lumen Technologies

A number of hedge funds have recently added to or reduced their stakes in LUMN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Lumen Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after buying an additional 26,305 shares during the period. Empowered Funds LLC boosted its holdings in Lumen Technologies by 26.8% in the first quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 57,522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Lumen Technologies by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock valued at $11,702,000 after purchasing an additional 300,328 shares during the period. Farther Finance Advisors LLC grew its stake in Lumen Technologies by 132.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company’s stock worth $26,000 after purchasing an additional 3,391 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in Lumen Technologies by 11.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 204,400 shares of the technology company’s stock valued at $895,000 after purchasing an additional 21,200 shares in the last quarter. 66.19% of the stock is currently 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.