Key Points
- Director Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies on March 25 at an average price of $12.31 for proceeds of $3,721,953.12, leaving them with 3,283,164 shares valued at about $40.42 million (an 8.43% reduction in that position).
- Across multiple transactions since January 5, the same director has sold roughly 2.90 million shares, generating approximately $35.15 million in proceeds, indicating sustained insider selling activity over the past months.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 302,352 shares of the business's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $12.31, for a total transaction of $3,721,953.12. Following the completion of the sale, the director owned 3,283,164 shares in the company, valued at $40,415,748.84. This represents a 8.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Run Strategic Opportunit North also recently made the following trade(s):
- On Wednesday, March 18th, Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.00, for a total transaction of $192,000.00.
- 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 transaction 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 transaction 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 transaction 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 shares were 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 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 value 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 Price Performance
NASDAQ:LPTH opened at $9.49 on Friday. The firm has a market capitalization of $547.67 million, a price-to-earnings ratio of -18.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.97 and a quick ratio of 3.42. The business has a 50 day simple moving average of $11.40 and a 200-day simple moving average of $9.44. LightPath Technologies, Inc. has a 1 year low of $1.61 and a 1 year high of $15.24.
Institutional Trading of LightPath Technologies
Several institutional investors and hedge funds have recently modified their holdings of the stock. Lake Street Private Wealth LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $108,000. Occudo Quantitative Strategies LP purchased a new position in LightPath Technologies during the 3rd quarter worth $82,000. Hudson Bay Capital Management LP bought a new stake in LightPath Technologies during the 3rd quarter valued at $84,000. Wexford Capital LP bought a new stake in LightPath Technologies during the 3rd quarter valued at $88,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of LightPath Technologies in the 3rd quarter worth $90,000. Institutional investors own 56.29% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on LPTH. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. Lake Street Capital increased their target price on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a "strong-buy" rating in a report on Thursday, December 18th. HC Wainwright lifted their price target on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Finally, Wall Street Zen upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.10.
Check Out Our Latest Stock Report on LPTH
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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