Insider Selling: Lightwave Logic (NASDAQ:LWLG) Director Sells $41,100.00 in Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Laila Partridge sold 10,000 shares of Lightwave Logic stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $4.11, for a total value of $41,100.00. Following the transaction, the director directly owned 53,802 shares in the company, valued at approximately $221,126.22. This trade represents a 15.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lightwave Logic Trading Up 8.5%

LWLG stock opened at $4.70 on Friday. The company has a market capitalization of $608.37 million, a P/E ratio of -26.11 and a beta of 2.53. The business has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $1.82. Lightwave Logic Inc. has a twelve month low of $0.79 and a twelve month high of $5.00.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LWLG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Saturday, September 27th. Wall Street Zen raised Lightwave Logic from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LWLG. Ameriprise Financial Inc. purchased a new stake in Lightwave Logic in the 4th quarter valued at approximately $35,000. BNP Paribas Financial Markets acquired a new stake in shares of Lightwave Logic in the 4th quarter valued at approximately $32,000. Bank of America Corp DE boosted its stake in shares of Lightwave Logic by 21.0% in the fourth quarter. Bank of America Corp DE now owns 160,788 shares of the company’s stock valued at $338,000 after buying an additional 27,900 shares in the last quarter. Millennium Management LLC acquired a new position in Lightwave Logic during the fourth quarter worth $364,000. Finally, ProShare Advisors LLC grew its holdings in Lightwave Logic by 45.5% during the fourth quarter. ProShare Advisors LLC now owns 48,879 shares of the company’s stock worth $103,000 after acquiring an additional 15,294 shares during the period. 27.04% of the stock is owned by hedge funds and other 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.