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

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

Lightwave Logic Stock Up 1.8%

Shares of LWLG opened at $3.88 on Wednesday. The company has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $3.41. The stock has a market cap of $518.99 million, a price-to-earnings ratio of -21.56 and a beta of 2.85. Lightwave Logic Inc. has a 12 month low of $0.79 and a 12 month high of $6.26.

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

Analysts Set New Price Targets

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

Institutional Trading of Lightwave Logic

Several large investors have recently made changes to their positions in LWLG. PTM Wealth Management LLC acquired a new stake in shares of Lightwave Logic in the second quarter valued at $134,000. UMB Bank n.a. increased its position in Lightwave Logic by 5.8% in the 2nd quarter. UMB Bank n.a. now owns 367,092 shares of the company’s stock valued at $455,000 after acquiring an additional 20,000 shares in the last quarter. Truist Financial Corp bought a new position in shares of Lightwave Logic in the second quarter worth about $42,000. Vanguard Personalized Indexing Management LLC lifted its position 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 worth $44,000 after purchasing an additional 5,468 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Lightwave Logic by 159.4% during the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock valued at $71,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors 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.