Lightwave Logic Inc. (NASDAQ:LWLG – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $7.89, but opened at $8.33. Lightwave Logic shares last traded at $8.2630, with a volume of 861,300 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on Lightwave Logic
Lightwave Logic Trading Up 9.8%
Lightwave Logic (NASDAQ:LWLG – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.The business had revenue of $0.03 million during the quarter.
Insider Activity at Lightwave Logic
In other Lightwave Logic news, Director Ronald A. Bucchi sold 11,000 shares of Lightwave Logic stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total transaction of $76,120.00. Following the completion of the sale, the director directly owned 294,879 shares of the company’s stock, valued at $2,040,562.68. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Ciesla sold 11,000 shares of the stock in a transaction 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 transaction, the director directly owned 118,824 shares in the company, valued at $809,191.44. The trade was a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 116,881 shares of company stock worth $937,286 over the last three months. Corporate insiders own 2.21% of the company’s stock.
Institutional Trading of Lightwave Logic
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of Lightwave Logic during the fourth quarter valued at about $33,000. Bernardo Wealth Planning LLC bought a new stake in shares of Lightwave Logic in the 4th quarter valued at about $33,000. Dakota Wealth Management purchased a new position in shares of Lightwave Logic in the 4th quarter worth approximately $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Lightwave Logic during the third quarter valued at approximately $38,000. Institutional investors own 27.04% of the company’s stock.
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.
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