The CEO of Luna Innovations Inc is Exercising Options


Today it was reported that the CEO of Luna Innovations Inc (LUNA), Scott Graeff, exercised options to buy 50,000 LUNA shares at $0.82 a share, for a total transaction value of $41K. The options were close to expired and Scott Graeff retained stocks.

Following this transaction Scott Graeff’s holding in the company was increased by 8.64% to a total of $2.75 million. Following Scott Graeff’s last LUNA Buy transaction on December 01, 2017, the stock climbed by 2.1%.

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Based on Luna Innovations Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $13.54 million and GAAP net loss of $84.15K. In comparison, last year the company earned revenue of $12.19 million and had a net profit of $148.7K. LUNA’s market cap is $122.2M and the company has a P/E ratio of 67.70. Currently, Luna Innovations Inc has an average volume of 91.57K.

The insider sentiment on Luna Innovations Inc has been positive according to 19 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Luna Innovations, Inc. develops and manufactures fiber optic test and measurement, sensing and instrumentation products for the healthcare, telecommunications, energy and defense markets. It operates through two segments: Products and Licensing, and Technology Development.

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