Lightwave Logic (NASDAQ:LWLG) Director Sells $74,910.00 in Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Craig Ciesla sold 11,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total value of $74,910.00. Following the completion of the sale, the director owned 118,824 shares of the company’s stock, valued at approximately $809,191.44. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lightwave Logic Stock Performance

NASDAQ LWLG opened at $8.21 on Wednesday. Lightwave Logic Inc. has a fifty-two week low of $0.82 and a fifty-two week high of $9.03. The stock has a 50 day simple moving average of $5.22 and a two-hundred day simple moving average of $4.64. The stock has a market cap of $1.22 billion, a P/E ratio of -48.29 and a beta of 2.75.

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

Institutional Trading of Lightwave Logic

Institutional investors and hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd bought a new stake in shares of Lightwave Logic in the 2nd quarter worth $39,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the third quarter worth $38,000. T3 Companies LLC bought a new stake in shares of Lightwave Logic in the fourth quarter worth $67,000. Greenspring Advisors LLC grew its holdings in shares of Lightwave Logic by 7.5% in the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after acquiring an additional 5,000 shares during the period. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Lightwave Logic by 11.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after acquiring an additional 3,865 shares during the period. Institutional investors own 27.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, Lightwave Logic currently 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.