Lightwave Logic (NASDAQ:LWLG) Director Sells $423,199.36 in Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Siraj Nour El-Ahmadi sold 54,536 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total transaction of $423,199.36. Following the transaction, the director owned 97,168 shares in the company, valued at $754,023.68. This represents a 35.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Siraj Nour El-Ahmadi also recently made the following trade(s):

• On Tuesday, January 27th, Siraj Nour El-Ahmadi sold 25,591 shares of Lightwave Logic stock. The stock was sold at an average price of $3.48, for a total transaction of $89,056.68.

Lightwave Logic Trading Up 4.3%

Shares of LWLG traded up $0.34 on Tuesday, reaching $8.21. The company’s stock had a trading volume of 3,950,425 shares, compared to its average volume of 3,634,384. Lightwave Logic Inc. has a twelve month low of $0.82 and a twelve month high of $9.03. The stock has a market capitalization of $1.22 billion, a PE ratio of -48.29 and a beta of 2.75. The firm has a fifty day moving average of $5.13 and a 200-day moving average of $4.61.

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

Institutional Investors Weigh In On Lightwave Logic

Several institutional investors and hedge funds have recently added to or reduced their stakes in LWLG. Farther Finance Advisors LLC increased its stake in Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after buying an additional 3,055 shares during the last quarter. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $33,000. Bernardo Wealth Planning LLC bought a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $33,000. Dakota Wealth Management bought a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Lightwave Logic during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors 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 report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Lightwave Logic

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.