IB Net Payout Yields Model

Velodyne Lidar: Beaten To A Pulp


  • Velodyne Lidar has fallen all the way to $3 despite the company building a strong pipeline.
  • The Lidar sensor space remains on a path for a huge sales ramp over the next few years.
  • The stock only trades at ~1.5x more conservative '24 sales targets.
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Velodyne Lidar (VLDR) has been the poster child for failed SPAC deals. Since completing the deal in early 2021, the company has missed financial targets and ran into internal management issues with the founder. Despite all these issues, my investment thesis remains Bullish on the stock and the Lidar sector due to the business ramp on the horizon while the stock trades at the lows around just $3.

Read the full article on Seeking Alpha. 
Disclosure: No position mentioned. Please review the disclaimer page for more details. 
Update - Mar. 7 
Interesting to see the founder dumping shares after the new CEO is place. Apparently, the Halls still aren't happy and have decided to just exit their position. The ultimate key is that Velodyne Lidar continues to exhibit weakness. 
  • David Hall, Founder and Executive Chairman of the Board of Velodyne Lidar (VLDR -6.3%), has sold 10M shares of the company's common stock, worth ~$25.5M.
  • The shares were sold in multiple transactions at prices ranging from $2.38 to $2.94.
Finviz Chart

Update - Feb. 7 
To the moon thanks to $AMZN.

-Velodyne Lidar (NASDAQ:VLDR) surged 91% after Amazon received a warrant to purchase up to 39.6M of the company's shares.
-The vesting of the warrant shares is based on discretionary payments made by Amazon pursuant to existing commercial agreements between Velodyne and Amazon, according to an 8-K filing.
-The warrant shares will vest over time based on discretionary payments to Velodyne by Amazon (whether made directly from Amazon, its affiliates or by a third party on behalf of Amazon) of up to $200M, according to the filing.
-Warrants exercisable at $4.18 a share. 


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