Insider Selling: Lightwave Logic (NASDAQ:LWLG) Director Sells 25,591 Shares of Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Siraj Nour El-Ahmadi sold 25,591 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total value of $89,056.68. Following the sale, the director owned 123,944 shares of the company’s stock, valued at approximately $431,325.12. This trade represents a 17.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lightwave Logic Price Performance

Shares of NASDAQ LWLG traded up $0.01 during trading hours on Wednesday, reaching $3.60. The stock had a trading volume of 2,543,144 shares, compared to its average volume of 2,318,013. The business’s fifty day moving average is $3.91 and its two-hundred day moving average is $3.72. The company has a market cap of $481.55 million, a price-to-earnings ratio of -20.00 and a beta of 2.85. Lightwave Logic Inc. has a twelve month low of $0.79 and a twelve month high of $6.26.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.The company had revenue of $0.03 million for the quarter.

Hedge Funds Weigh In On Lightwave Logic

A number of institutional investors and hedge funds have recently bought and sold shares of LWLG. Farther Finance Advisors LLC raised its stake in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after buying an additional 3,055 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Lightwave Logic by 18.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock worth $44,000 after acquiring an additional 5,468 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Lightwave Logic by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock valued at $74,000 after purchasing an additional 7,282 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic during the 3rd quarter valued at about $38,000. Finally, Bernardo Wealth Planning LLC bought a new stake in shares of Lightwave Logic during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to 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.