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Luna Innovations (NASDAQ:LUNA) major shareholder Kent A. Murphy unloaded 1,461,663 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $1.82, for a total value of $2,660,226.66. Following the transaction, the insider now directly owns 1,348,723 shares of the company’s stock, valued at approximately $2,454,676. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Luna Innovations (NASDAQ:LUNA) traded down 5.88% on Monday, hitting $1.52. 1,096,583 shares of the company’s stock traded hands. Luna Innovations has a 52-week low of $1.09 and a 52-week high of $3.36. The stock has a 50-day moving average of $1.41 and a 200-day moving average of $1.34. The company has a market cap of $22.0 million and a price-to-earnings ratio of 46.14.

Luna Innovations (NASDAQ:LUNA) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter. The company had revenue of $5.70 million for the quarter, compared to the consensus estimate of $6.80 million.

Luna Innovations Incorporated is engaged in developing, manufacturing and marketing fiber optic test and measurement, sensing, and instrumentation products.

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