Lightwave Logic (NASDAQ:LWLG) Director Laila Partridge Sells 11,000 Shares

Lightwave Logic Inc. (NASDAQ:LWLG) Director Laila Partridge sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the completion of the transaction, the director directly owned 80,723 shares in the company, valued at approximately $552,145.32. The trade was a 11.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock traded up $0.82 on Thursday, hitting $7.66. The company had a trading volume of 3,691,982 shares, compared to its average volume of 3,565,628. The stock has a 50-day moving average of $4.89 and a 200-day moving average of $4.51. Lightwave Logic Inc. has a twelve month low of $0.79 and a twelve month high of $8.79. The firm has a market capitalization of $1.14 billion, a P/E ratio of -45.06 and a beta of 3.02.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, March 20th. The company reported ($0.04) EPS for the quarter. The company 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%.

Institutional Trading of Lightwave Logic

A number of institutional investors have recently made changes to their positions in LWLG. Farther Finance Advisors LLC boosted its holdings in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic in the third quarter valued at $38,000. Bernardo Wealth Planning LLC acquired a new stake in Lightwave Logic in the 4th quarter valued at $33,000. Kathmere Capital Management LLC acquired a new stake in Lightwave Logic in the 4th quarter valued at $33,000. Finally, Dakota Wealth Management bought a new stake in Lightwave Logic during the 4th quarter worth about $36,000. Institutional investors own 27.04% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.