5 Best Lidar Stocks To Buy Now

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In this article, we discuss 5 best lidar stocks to buy now. If you want to see more stocks in this selection, click 8 Best Lidar Stocks To Buy Now.

5. Velodyne Lidar, Inc. (NASDAQ:VLDR)

Number of Hedge Fund Holders: 13

A spin off of Velodyne Acoustics, Velodyne Lidar, Inc. (NASDAQ:VLDR) is a Silicon Valley-based lidar technology company that ships sensors to mobility industry customers for testing and commercial use in autonomous vehicles, advanced driver assistance systems, mapping, robotics, infrastructure and smart city applications.

On October 18, Velodyne Lidar, Inc. (NASDAQ:VLDR) announced a multi-year agreement with the Swedish company Visimind Group, to provide customers in Europe, Middle East and Africa with integrated solutions, including mapping and vegetation management, powered by Velodyne’s lidar technology. This agreement further strengthens the long-standing partnership between the two companies, including a 3-year supply agreement for Puck and Ultra Puck lidar sensors.

As of Q2 2022, 13 of the 895 hedge funds tracked by Insider Monkey held Velodyne Lidar, Inc. (NASDAQ:VLDR) shares valued at a combined total of $9.64 million. Two Sigma Advisors was its largest hedge fund shareholder with ownership of 3.6 million shares valued at $3.45 million.

Follow Velodyne Lidar Inc. (NASDAQ:VLDR)

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