Investors Buy High Volume of Lumen Technologies Put Options (NYSE:LUMN)

Lumen Technologies, Inc. (NYSE:LUMN) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 62,368 put options on the stock. This represents an increase of approximately 116% compared to the typical daily volume of 28,890 put options.

Key Lumen Technologies News

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

• Positive Sentiment: Management unveiled a clear multi‑year strategy to accelerate the company’s transformation into an enterprise‑focused, AI/network infrastructure provider — a message that drove optimism about future revenue mix and margin improvement. Lumen Marks New Phase of Transformation at 2026 Investor Day
• Positive Sentiment: Company presentation and slides for analysts/investors provide additional detail for the plan, helping institutional investors assess the credibility of the turnaround and growth targets. Lumen Technologies, Inc. (LUMN) Analyst/Investor Day – Slideshow
• Positive Sentiment: Operational traction: Lumen says it has doubled its network‑as‑a‑service customer base, evidence its enterprise offerings are gaining market adoption — a positive signal for recurring revenue growth. Lumen doubles network-as-a-service customer base
• Neutral Sentiment: Industry analysts note Lumen is well‑positioned to benefit from 5G and large infrastructure spend, which supports a favorable backdrop but does not guarantee company‑specific outperformance. 3 Communication Stocks Likely to Benefit From Industry Tailwinds
• Neutral Sentiment: Quant/momentum screeners have flagged LUMN as a momentum anomaly pick, which can bring short‑term trading interest and volatility but is not a substitute for fundamentals. Buy 3 Momentum Anomaly Stocks as Volatility Hits Markets Hard
• Negative Sentiment: An insider sale: director Diankha Linear sold 45,000 shares (~$355k) on Feb. 20, representing ~18.5% of her holdings — a potential negative signal for sentiment, though not uncommon and may reflect personal liquidity rather than company outlook. Is Lumen Technologies Stock a Buy or Sell After a Director Dumped 45,000 Shares?

Lumen Technologies Price Performance

LUMN traded down $0.07 during trading on Thursday, reaching $7.03. 14,881,514 shares of the company’s stock were exchanged, compared to its average volume of 14,215,162. The company’s fifty day simple moving average is $8.04 and its 200-day simple moving average is $7.40. The stock has a market capitalization of $7.20 billion, a P/E ratio of -4.04 and a beta of 1.51. Lumen Technologies has a 1 year low of $3.01 and a 1 year high of $11.95.

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

Insider Activity at Lumen Technologies

In other Lumen Technologies news, CEO Kathleen E. Johnson bought 78,685 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was acquired at an average price of $6.35 per share, with a total value of $499,649.75. Following the transaction, the chief executive officer owned 8,562,582 shares in the company, valued at $54,372,395.70. This represents a 0.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $7.89, for a total transaction of $355,050.00. Following the completion of the sale, the director owned 198,229 shares of the company’s stock, valued at $1,564,026.81. This represents a 18.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lumen Technologies

A number of hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its holdings in shares of Lumen Technologies by 60.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 41,301 shares of the technology company’s stock worth $321,000 after purchasing an additional 15,539 shares during the last quarter. Compound Planning Inc. boosted its stake in Lumen Technologies by 9.4% during the fourth quarter. Compound Planning Inc. now owns 60,918 shares of the technology company’s stock worth $473,000 after buying an additional 5,234 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Lumen Technologies by 30.4% in the 4th quarter. Corient Private Wealth LLC now owns 71,811 shares of the technology company’s stock valued at $558,000 after buying an additional 16,736 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Lumen Technologies in the 4th quarter worth $2,143,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Lumen Technologies by 12.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 62,928 shares of the technology company’s stock worth $489,000 after acquiring an additional 7,177 shares during the period. Institutional investors and hedge funds own 66.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group raised their price objective on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Raymond James Financial restated a “market perform” rating on shares of Lumen Technologies in a research note on Wednesday, February 4th. Zacks Research raised shares of Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a report on Thursday, January 22nd. Finally, Citigroup decreased their target price on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.25.

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.