Key Points
- Run Strategic Opportunit North sold 104,454 shares of LightPath on March 17 at an average price of $12.01 for $1.25M and still holds 2,916,073 shares (a 3.46% reduction, valued at about $35.02M).
- The director has been actively selling LPTH stock since January, with the listed transactions totaling roughly $31.4 million in proceeds across multiple trades.
- Analysts' consensus is a Moderate Buy with an average target of $12.10; LPTH trades near $11.49, has a market cap of about $663M, and a 1-year range of $1.61–$15.24.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 16,000 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $12.00, for a total value of $192,000.00. Following the completion of the sale, the director owned 2,900,073 shares of the company's stock, valued at approximately $34,800,876. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Run Strategic Opportunit North also recently made the following trade(s):
- On Tuesday, March 17th, Run Strategic Opportunit North sold 104,454 shares of LightPath Technologies stock. The stock was sold at an average price of $12.01, for a total value of $1,254,492.54.
- On Wednesday, March 4th, Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.09, for a total value of $664,950.00.
- On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The shares were 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 value of $2,875,061.73.
- On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total value of $3,655,120.56.
- On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The stock was 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 stock was sold at an average price of $12.01, for a total value of $78,065.00.
- On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The shares were 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 Stock Performance
LPTH opened at $11.41 on Friday. LightPath Technologies, Inc. has a 1-year low of $1.61 and a 1-year high of $15.24. The company has a market cap of $658.47 million, a price-to-earnings ratio of -21.94 and a beta of 0.98. The company's fifty day moving average price is $11.57 and its two-hundred day moving average price is $9.18. The company has a current ratio of 3.97, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01.
Analyst Upgrades and Downgrades
LPTH has been the topic of several recent analyst reports. Lake Street Capital raised their price objective on LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a "strong-buy" rating in a research report on Thursday, December 18th. Finally, HC Wainwright increased their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, LightPath Technologies presently has an average rating of "Moderate Buy" and an average price target of $12.10.
Read Our Latest Stock Analysis on LPTH
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Marathon Capital Management bought a new position in shares of LightPath Technologies during the 2nd quarter worth $54,000. J.W. Cole Advisors Inc. bought a new position in LightPath Technologies during the second quarter worth about $79,000. Occudo Quantitative Strategies LP purchased a new position in shares of LightPath Technologies in the third quarter worth about $82,000. Hudson Bay Capital Management LP bought a new stake in shares of LightPath Technologies in the third quarter valued at approximately $84,000. Finally, Wexford Capital LP purchased a new stake in shares of LightPath Technologies during the 3rd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 56.29% of the company's stock.
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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