Lightwave Logic (NASDAQ:LWLG) Director Thomas Connelly Jr Sells 9,000 Shares of Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Thomas Connelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.52, for a total transaction of $76,680.00. Following the completion of the sale, the director owned 77,132 shares in the company, valued at $657,164.64. This represents a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lightwave Logic Trading Up 2.7%

Shares of Lightwave Logic stock traded up $0.21 during mid-day trading on Monday, reaching $7.87. 7,576,714 shares of the stock were exchanged, compared to its average volume of 6,648,562. The firm has a 50-day simple moving average of $5.13 and a 200 day simple moving average of $4.61. Lightwave Logic Inc. has a fifty-two week low of $0.79 and a fifty-two week high of $9.03.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LWLG. XTX Topco Ltd bought a new stake in Lightwave Logic during the 4th quarter worth about $653,000. Twinbeech Capital LP acquired a new stake in Lightwave Logic in the 4th quarter valued at about $75,000. Engineers Gate Manager LP bought a new position in shares of Lightwave Logic in the fourth quarter worth about $93,000. Balyasny Asset Management L.P. raised its stake in shares of Lightwave Logic by 254.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 69,352 shares of the company’s stock worth $225,000 after acquiring an additional 49,791 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Lightwave Logic by 102.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 34,391 shares of the company’s stock worth $111,000 after purchasing an additional 17,391 shares in the last quarter. Institutional investors and hedge funds own 27.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus 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.