Snizhana Quan Sells 20,000 Shares of Lightwave Logic (NASDAQ:LWLG) Stock

Lightwave Logic Inc. (NASDAQ:LWLG) insider Snizhana Quan sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $10.36, for a total value of $207,200.00. Following the transaction, the insider directly owned 51,125 shares in the company, valued at $529,655. This trade represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lightwave Logic Stock Performance

LWLG stock traded up $2.16 on Friday, reaching $10.60. The company’s stock had a trading volume of 13,536,898 shares, compared to its average volume of 3,810,761. The firm has a market cap of $1.58 billion, a PE ratio of -62.35 and a beta of 2.75. The business has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $4.69. Lightwave Logic Inc. has a 12-month low of $0.82 and a 12-month high of $10.62.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Lightwave Logic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in shares of Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after purchasing an additional 3,055 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of Lightwave Logic in the 4th quarter worth approximately $33,000. Bernardo Wealth Planning LLC purchased a new stake in shares of Lightwave Logic in the 4th quarter worth approximately $33,000. Dakota Wealth Management bought a new position in Lightwave Logic during the 4th quarter valued at approximately $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

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.