Lightwave Logic (NASDAQ:LWLG) Director Laila Partridge Sells 10,000 Shares

Lightwave Logic Inc. (NASDAQ:LWLG) Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total value of $37,200.00. Following the sale, the director directly owned 63,963 shares in the company, valued at approximately $237,942.36. This trade represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lightwave Logic Trading Up 4.1%

Shares of NASDAQ:LWLG opened at $3.81 on Tuesday. Lightwave Logic Inc. has a 12-month low of $0.79 and a 12-month high of $6.26. The business has a 50 day moving average of $4.17 and a two-hundred day moving average of $3.39. The company has a market capitalization of $509.64 million, a PE ratio of -21.17 and a beta of 2.85.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.The firm had revenue of $0.03 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Lightwave Logic

Large investors have recently added to or reduced their stakes in the stock. Sherbrooke Park Advisers LLC purchased a new position in Lightwave Logic during the third quarter valued at $38,000. WINTON GROUP Ltd purchased a new position in Lightwave Logic in the 2nd quarter valued at about $39,000. Hudson Bay Capital Management LP acquired a new stake in Lightwave Logic in the 2nd quarter worth about $40,000. Truist Financial Corp purchased a new stake in Lightwave Logic during the 2nd quarter worth approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lightwave Logic by 18.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock valued at $44,000 after acquiring an additional 5,468 shares during the last quarter. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Company Profile

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.