Siraj Nour El-Ahmadi Sells 25,591 Shares of Lightwave Logic (NASDAQ:LWLG) Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Siraj Nour El-Ahmadi sold 25,591 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total value of $89,056.68. Following the transaction, the director directly owned 123,944 shares in the company, valued at $431,325.12. The trade was a 17.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lightwave Logic Price Performance

Shares of NASDAQ LWLG opened at $3.54 on Friday. The company has a 50-day moving average price of $3.88 and a 200-day moving average price of $3.71. The stock has a market capitalization of $473.51 million, a P/E ratio of -19.67 and a beta of 2.85. Lightwave Logic Inc. has a 1 year low of $0.79 and a 1 year high of $6.26.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company 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%.

Analyst Ratings Changes

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

Institutional Trading of Lightwave Logic

Several hedge funds have recently added to or reduced their stakes in LWLG. Vanguard Group Inc. grew its position in shares of Lightwave Logic by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after acquiring an additional 296,908 shares during the period. UBS Group AG lifted its stake in Lightwave Logic by 34.1% in the third 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 during the last quarter. Jane Street Group LLC grew its holdings in Lightwave Logic by 225.2% during the second 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 period. UMB Bank n.a. increased its position in Lightwave Logic by 3.4% in the third quarter. UMB Bank n.a. now owns 379,592 shares of the company’s stock worth $1,408,000 after buying an additional 12,500 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Lightwave Logic in the second quarter worth $458,000. Institutional investors own 27.04% of the company’s stock.

About Lightwave Logic

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.