Lightwave Logic (NASDAQ:LWLG) Director Thomas Connelly, Jr. Sells 9,000 Shares of Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Thomas Connelly, Jr. sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $8.52, for a total value of $76,680.00. Following the sale, the director directly owned 77,132 shares of the company’s stock, valued at $657,164.64. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lightwave Logic Price Performance

NASDAQ LWLG opened at $7.87 on Tuesday. The business has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $4.61. Lightwave Logic Inc. has a one year low of $0.79 and a one year high of $9.03. The stock has a market capitalization of $1.17 billion, a P/E ratio of -46.29 and a beta of 2.75.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, March 20th. The company reported ($0.04) EPS for the quarter. The business had revenue of $0.16 million for the quarter. Lightwave Logic had a negative return on equity of 46.11% and a negative net margin of 8,571.31%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Lightwave Logic

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its holdings in shares of Lightwave Logic by 183.6% during the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock valued at $70,000 after buying an additional 36,649 shares during the last quarter. Intesa Sanpaolo Wealth Management acquired a new position in shares of Lightwave Logic during the fourth quarter valued at about $65,000. CIBC Asset Management Inc acquired a new position in shares of Lightwave Logic during the fourth quarter valued at about $60,000. Jump Financial LLC acquired a new position in shares of Lightwave Logic during the second quarter valued at about $56,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Lightwave Logic during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

About Lightwave Logic

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.