Key Points
- Run Strategic Opportunit North sold a total of 2,478,762 shares of LightPath (LPTH) across multiple trades between Jan. 5 and Mar. 4, totaling about $29.98 million; the most recent sale was 238,991 shares on Mar. 2 at $12.03, and the director's ownership fell 6.47% to 3,456,531 shares (valued at ~$41.58M).
- LightPath shares have traded between $1.61 and $15.24 over the past year with a market cap near $681M; analysts have become more bullish with several buy/strong-buy upgrades and target increases, leaving a consensus rating of Moderate Buy and an average target of $12.10, while institutions own roughly 56% of the stock.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 55,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $12.09, for a total value of $664,950.00. Following the completion of the transaction, the director owned 3,020,527 shares of the company's stock, valued at $36,518,171.43. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Run Strategic Opportunit North also recently made the following trade(s):
- On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total value of $4,640,628.72.
- On Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The shares were sold at an average price of $12.03, for a total transaction of $2,875,061.73.
- On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $3,655,120.56.
- 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 transaction of $1,577,997.62.
- On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The stock was 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 value of $9,028,162.12.
LightPath Technologies Stock Down 1.5%
Shares of NASDAQ:LPTH opened at $11.80 on Thursday. The firm has a market cap of $680.97 million, a P/E ratio of -22.69 and a beta of 0.98. LightPath Technologies, Inc. has a 12-month low of $1.61 and a 12-month high of $15.24. The business has a fifty day simple moving average of $11.51 and a 200 day simple moving average of $8.69. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01.
Analysts Set New Price Targets
A number of analysts have weighed in on LPTH shares. Weiss Ratings reissued a "sell (d-)" rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Canaccord Genuity Group began coverage on shares of LightPath Technologies in a research note on Thursday, January 29th. They issued a "buy" rating and a $15.00 price objective on the stock. Lake Street Capital lifted their target price on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of LightPath Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Finally, HC Wainwright lifted their price objective on LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, LightPath Technologies currently has an average rating of "Moderate Buy" and an average target price of $12.10.
Check Out Our Latest Stock Report on LPTH
Hedge Funds Weigh In On LightPath Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marathon Capital Management acquired a new position in LightPath Technologies during the 2nd quarter worth approximately $54,000. J.W. Cole Advisors Inc. acquired a new position in shares of LightPath Technologies during the second quarter worth approximately $79,000. Occudo Quantitative Strategies LP bought a new position in shares of LightPath Technologies in the 3rd quarter worth $82,000. Hudson Bay Capital Management LP bought a new position in shares of LightPath Technologies in the 3rd quarter worth $84,000. Finally, Wexford Capital LP acquired a new stake in LightPath Technologies in the 3rd quarter valued at $88,000. Institutional investors own 56.29% of the company's stock.
About LightPath Technologies
(
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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