Insider Selling: Lightwave Logic (NASDAQ:LWLG) Director Sells 10,000 Shares of Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the completion of the sale, the director owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lightwave Logic Price Performance

LWLG traded up $0.15 during trading on Monday, reaching $3.81. 2,755,005 shares of the stock were exchanged, compared to its average volume of 1,983,149. Lightwave Logic Inc. has a 1 year low of $0.79 and a 1 year high of $6.26. The business’s 50 day moving average price is $4.17 and its two-hundred day moving average price is $3.39. The company has a market capitalization of $509.63 million, a price-to-earnings ratio of -21.17 and a beta of 2.85.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors and hedge funds have recently modified their holdings of LWLG. Vanguard Group Inc. raised its position in shares of Lightwave Logic by 3.4% in the third quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after purchasing an additional 296,908 shares during the period. UBS Group AG raised its position in Lightwave Logic by 34.1% in the 3rd quarter. UBS Group AG now owns 593,959 shares of the company’s stock worth $2,204,000 after purchasing an additional 150,966 shares during the last quarter. Jane Street Group LLC grew its holdings in Lightwave Logic by 225.2% during the 2nd quarter. Jane Street Group LLC now owns 545,100 shares of the company’s stock worth $676,000 after acquiring an additional 377,484 shares during the period. UMB Bank n.a. boosted its stake in Lightwave Logic by 3.4% during the 3rd quarter. UMB Bank n.a. now owns 379,592 shares of the company’s stock worth $1,408,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Lightwave Logic in the second quarter valued at about $458,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Lightwave Logic Company Profile

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.