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 firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.11, for a total transaction of $41,100.00. Following the completion of the sale, the director owned 53,802 shares in the company, valued at $221,126.22. The trade was a 15.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lightwave Logic Trading Up 8.5%

Shares of NASDAQ:LWLG opened at $4.70 on Friday. The firm’s 50 day moving average is $3.01 and its two-hundred day moving average is $1.81. Lightwave Logic Inc. has a 52 week low of $0.79 and a 52 week high of $5.00. The firm has a market capitalization of $608.37 million, a P/E ratio of -26.11 and a beta of 2.53.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%. The firm had revenue of $0.03 million during the quarter.

Wall Street Analysts Forecast Growth

LWLG has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Lightwave Logic from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Lightwave Logic

A number of large investors have recently added to or reduced their stakes in LWLG. BNP Paribas Financial Markets bought a new stake in Lightwave Logic during the fourth quarter worth approximately $32,000. Ameriprise Financial Inc. bought a new stake in Lightwave Logic during the fourth quarter worth approximately $35,000. WINTON GROUP Ltd bought a new stake in Lightwave Logic during the second quarter worth approximately $39,000. Hudson Bay Capital Management LP bought a new stake in Lightwave Logic during the second quarter worth approximately $40,000. Finally, Truist Financial Corp bought a new stake in Lightwave Logic during the second quarter worth approximately $42,000. 27.04% of the stock is currently owned by institutional investors.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.