Key Points
- Director Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies (NASDAQ:LPTH) on Feb. 25 at an average price of $12.18, generating about $3.66 million and reducing their ownership by 9.22% to 2,955,522 shares (≈$36.0M).
- The same holder has made multiple recent disposals (Jan. 5, Feb. 20, Feb. 23–25), selling roughly 1.80 million shares for approximately $21.8 million in total proceeds.
- Despite the insider selling, analyst sentiment is generally positive — MarketBeat shows a consensus rating of "Moderate Buy" with a $12.10 target and several broker upgrades to $14–$15; the stock opened at $10.43 and was trading down ~6.4%, with a market cap of about $602M.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $12.18, for a total value of $3,655,120.56. Following the completion of the transaction, the director owned 2,955,522 shares in the company, valued at $35,998,257.96. The trade was a 9.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Run Strategic Opportunit North also recently made the following trade(s):
- On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The shares were sold at an average price of $12.02, for a total value of $1,577,997.62.
- On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The shares were sold at an average price of $12.01, for a total transaction of $78,065.00.
- On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The stock was sold at an average price of $12.53, for a total transaction of $7,462,529.69.
- On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The shares were sold at an average price of $11.72, for a total transaction of $9,028,162.12.
LightPath Technologies Trading Down 6.4%
LightPath Technologies stock opened at $10.43 on Friday. LightPath Technologies, Inc. has a 52 week low of $1.61 and a 52 week high of $15.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97. The firm has a market capitalization of $601.92 million, a price-to-earnings ratio of -20.06 and a beta of 0.97. The company has a 50 day moving average price of $11.32 and a 200 day moving average price of $8.49.
Wall Street Analysts Forecast Growth
Several analysts recently commented on LPTH shares. Lake Street Capital raised their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. HC Wainwright upped their target price on LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a "strong-buy" rating in a research report on Thursday, December 18th. Finally, Canaccord Genuity Group began coverage on shares of LightPath Technologies in a research note on Thursday, January 29th. They set a "buy" rating and a $15.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, LightPath Technologies has an average rating of "Moderate Buy" and a consensus target price of $12.10.
Check Out Our Latest Stock Report on LPTH
Institutional Trading of LightPath Technologies
Several large investors have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in LightPath Technologies during the 3rd quarter worth $953,000. Calamos Advisors LLC acquired a new stake in LightPath Technologies in the 3rd quarter valued at approximately $1,322,000. Thompson Davis & CO. Inc. bought a new position in LightPath Technologies in the 2nd quarter worth approximately $137,000. Marathon Capital Management bought a new stake in shares of LightPath Technologies in the second quarter valued at approximately $54,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of LightPath Technologies in the second quarter worth $79,000. 56.29% of the stock is owned by institutional investors.
LightPath Technologies Company Profile
(
Get Free Report)
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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