Lightwave Logic (NASDAQ:LWLG) Director Sells $89,056.68 in Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Siraj Nour El-Ahmadi sold 25,591 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total transaction of $89,056.68. Following the transaction, the director directly owned 123,944 shares in the company, valued at $431,325.12. This trade represents a 17.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lightwave Logic Price Performance

Shares of NASDAQ:LWLG traded up $0.01 during midday trading on Wednesday, hitting $3.60. 2,543,144 shares of the company’s stock were exchanged, compared to its average volume of 2,318,013. The company has a market cap of $481.55 million, a PE ratio of -20.00 and a beta of 2.85. Lightwave Logic Inc. has a 12 month low of $0.79 and a 12 month high of $6.26. The stock has a 50 day moving average price of $3.91 and a 200-day moving average price of $3.72.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million during 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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic currently has a consensus 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.