LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) Director Run Strategic Opportunit North sold 3,571,400 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $14.00, for a total value of $49,999,600.00. Following the transaction, the director directly owned 2,934,828 shares of the company’s stock, valued at $41,087,592. This represents a 54.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Run Strategic Opportunit North also recently made the following trade(s):
- On Thursday, May 14th, Run Strategic Opportunit North sold 165,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.16, for a total value of $2,006,400.00.
- On Wednesday, May 13th, Run Strategic Opportunit North sold 45,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.29, for a total value of $553,050.00.
- On Tuesday, May 12th, Run Strategic Opportunit North sold 83,052 shares of LightPath Technologies stock. The stock was sold at an average price of $12.25, for a total value of $1,017,387.00.
- On Wednesday, March 25th, Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies stock. The stock was sold at an average price of $12.31, for a total value of $3,721,953.12.
- On Wednesday, March 18th, Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.00, for a total value of $192,000.00.
- On Tuesday, March 17th, Run Strategic Opportunit North sold 104,454 shares of LightPath Technologies stock. The stock was sold at an average price of $12.01, for a total value of $1,254,492.54.
LightPath Technologies Stock Performance
Shares of NASDAQ LPTH traded up $2.00 during trading hours on Thursday, hitting $17.62. 5,289,627 shares of the company’s stock were exchanged, compared to its average volume of 4,323,190. LightPath Technologies, Inc. has a 1-year low of $2.75 and a 1-year high of $18.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.24. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -35.24 and a beta of 1.33. The company’s 50-day moving average price is $13.45 and its 200-day moving average price is $11.41.
Hedge Funds Weigh In On LightPath Technologies
Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of LightPath Technologies by 118.2% in the 1st quarter. Bank of America Corp DE now owns 556,037 shares of the technology company’s stock worth $5,577,000 after buying an additional 301,225 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of LightPath Technologies by 707.2% in the 1st quarter. Royal Bank of Canada now owns 9,565 shares of the technology company’s stock worth $96,000 after buying an additional 8,380 shares in the last quarter. Union Square Park Capital Management LLC acquired a new position in shares of LightPath Technologies in the 1st quarter worth approximately $502,000. Bradley Foster & Sargent Inc. CT acquired a new position in shares of LightPath Technologies in the 1st quarter worth approximately $535,000. Finally, Granahan Investment Management LLC raised its holdings in shares of LightPath Technologies by 14.9% in the 1st quarter. Granahan Investment Management LLC now owns 753,621 shares of the technology company’s stock worth $7,559,000 after buying an additional 97,601 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.
Analysts Set New Price Targets
LPTH has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a report on Tuesday, April 21st. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a report on Monday, May 25th. HC Wainwright upped their price target on LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Canaccord Genuity Group upped their price target on LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, LightPath Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.13.
Check Out Our Latest Analysis on LightPath Technologies
About LightPath Technologies
LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.
Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.
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