Insider Selling: Lightwave Logic (NASDAQ:LWLG) Director Sells 11,000 Shares of Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Laila Partridge sold 11,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total value of $75,240.00. Following the completion of the transaction, the director directly owned 80,723 shares in the company, valued at approximately $552,145.32. This trade represents a 11.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lightwave Logic Stock Up 12.0%

Shares of Lightwave Logic stock traded up $0.82 during trading on Thursday, reaching $7.66. 3,691,982 shares of the company were exchanged, compared to its average volume of 3,565,628. The business has a 50-day moving average price of $4.89 and a 200-day moving average price of $4.51. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -45.06 and a beta of 3.02. Lightwave Logic Inc. has a twelve month low of $0.79 and a twelve month high of $8.79.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%. The company had revenue of $0.16 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP bought a new stake in shares of Lightwave Logic in the second quarter worth about $40,000. WINTON GROUP Ltd bought a new position in shares of Lightwave Logic during the 2nd quarter valued at about $39,000. Sherbrooke Park Advisers LLC bought a new position in shares of Lightwave Logic during the 3rd quarter valued at about $38,000. Greenspring Advisors LLC grew its position in shares of Lightwave Logic by 7.5% in the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock valued at $232,000 after purchasing an additional 5,000 shares during the period. Finally, Jefferies Financial Group Inc. grew its position in shares of Lightwave Logic by 11.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after purchasing an additional 3,865 shares during the period. 27.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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