Key Points
- LightPath Technologies director Run Strategic Opportunit North sold 83,052 shares on May 12 at an average price of $12.25, generating about $1.02 million. After the sale, the director still held 3.2 million shares, though the transaction reduced ownership by 2.53%.
- The insider has been actively selling shares in recent months, including several large transactions in March and mid-May. The repeated sales suggest ongoing trimming of the position rather than a one-off move.
- LightPath’s stock and fundamentals remain mixed: shares were trading around $12.15, near their 50-day average, while the company reported breakeven earnings versus estimates and revenue above forecasts. Analysts currently have a Moderate Buy consensus with an average price target of $14.13.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 45,000 shares of the firm's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $12.29, for a total value of $553,050.00. Following the transaction, the director owned 3,155,112 shares of the company's stock, valued at approximately $38,776,326.48. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Run Strategic Opportunit North also recently made the following trade(s):
- On Thursday, May 14th, Run Strategic Opportunit North sold 165,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.16, for a total value of $2,006,400.00.
- On Tuesday, May 12th, Run Strategic Opportunit North sold 83,052 shares of LightPath Technologies stock. The shares were sold at an average price of $12.25, for a total value of $1,017,387.00.
- On Wednesday, March 25th, Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies stock. The stock was sold at an average price of $12.31, for a total value of $3,721,953.12.
- 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 value of $192,000.00.
- On Tuesday, March 17th, Run Strategic Opportunit North sold 104,454 shares of LightPath Technologies stock. The shares were 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 transaction of $664,950.00.
- 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 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 transaction of $1,577,997.62.
LightPath Technologies Price Performance
LightPath Technologies stock opened at $12.15 on Friday. The firm has a market cap of $762.90 million, a PE ratio of -24.30 and a beta of 1.26. LightPath Technologies, Inc. has a 52-week low of $2.21 and a 52-week high of $16.53. The company has a quick ratio of 3.42, a current ratio of 3.86 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $12.14 and its two-hundred day moving average is $10.59.
LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). LightPath Technologies had a negative net margin of 37.38% and a negative return on equity of 15.55%. The business had revenue of $19.15 million during the quarter, compared to the consensus estimate of $17.04 million. On average, research analysts expect that LightPath Technologies, Inc. will post -0.11 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have weighed in on LPTH shares. HC Wainwright upped their price target on LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Canaccord Genuity Group boosted their price objective on LightPath Technologies from $15.50 to $16.50 and gave the stock a "buy" rating in a research report on Monday. Weiss Ratings restated a "sell (d-)" rating on shares of LightPath Technologies in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, LightPath Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.13.
Check Out Our Latest Analysis on LightPath Technologies
Hedge Funds Weigh In On LightPath Technologies
Several large investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in LightPath Technologies by 55.6% in the first quarter. Renaissance Technologies LLC now owns 395,922 shares of the technology company's stock valued at $3,971,000 after buying an additional 141,473 shares in the last quarter. Sei Investments Co. boosted its position in shares of LightPath Technologies by 74.2% during the 1st quarter. Sei Investments Co. now owns 538,788 shares of the technology company's stock worth $5,404,000 after acquiring an additional 229,515 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of LightPath Technologies in the 1st quarter valued at about $123,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of LightPath Technologies during the 1st quarter worth about $4,249,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of LightPath Technologies during the 1st quarter worth about $600,000. Hedge funds and other 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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