Key Points
- Siraj Nour El-Ahmadi sold 54,536 shares of Lightwave Logic on April 7 at an average price of $7.76 (proceeds ≈ $423,199) to cover tax withholding from vested awards, trimming his holdings by 35.95% to 97,168 shares.
- Lightwave Logic reported a quarterly EPS of -$0.04 on just $0.16M revenue with deeply negative margins and ROE, has a market cap of about $1.22B, and carries a consensus analyst rating of Sell, even as the stock recently traded near $8.21 (50‑day MA $5.22).
Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) Director Siraj Nour El-Ahmadi sold 54,536 shares of the firm's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the sale, the director directly owned 97,168 shares in the company, valued at $754,023.68. This trade represents a 35.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Siraj Nour El-Ahmadi also recently made the following trade(s):
- On Tuesday, January 27th, Siraj Nour El-Ahmadi sold 25,591 shares of Lightwave Logic stock. The shares were sold at an average price of $3.48, for a total value of $89,056.68.
Lightwave Logic Stock Up 4.3%
LWLG opened at $8.21 on Wednesday. The firm has a market capitalization of $1.22 billion, a P/E ratio of -48.29 and a beta of 2.75. The stock's 50 day moving average price is $5.22 and its two-hundred day moving average price is $4.64. Lightwave Logic Inc. has a 12-month low of $0.82 and a 12-month high of $9.03.
Lightwave Logic (NASDAQ:LWLG - Get Free Report) last released its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.16 million during the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%.
Institutional Trading of Lightwave Logic
A number of hedge funds have recently modified their holdings of LWLG. Envestnet Asset Management Inc. lifted its position in shares of Lightwave Logic by 159.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company's stock worth $71,000 after acquiring an additional 35,000 shares during the period. XTX Topco Ltd lifted its position in shares of Lightwave Logic by 183.6% in the 2nd quarter. XTX Topco Ltd now owns 56,610 shares of the company's stock worth $70,000 after acquiring an additional 36,649 shares during the period. Marshall Wace LLP bought a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $458,000. Jump Financial LLC bought a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $56,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $39,000. Institutional investors own 27.04% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".
Read Our Latest Stock Analysis on LWLG
About Lightwave Logic
(
Get Free Report)
Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company's core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.
Lightwave Logic's product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.
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