Lightwave Logic (NASDAQ:LWLG) Shares Down 0.3% – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG) fell 0.3% on Thursday . The stock traded as low as $3.27 and last traded at $3.44. 843,350 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 1,699,977 shares. The stock had previously closed at $3.45.

Analysts Set New Price Targets

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

Lightwave Logic Stock Performance

The company has a 50-day moving average of $3.64 and a 200-day moving average of $3.84. The firm has a market capitalization of $460.13 million, a price-to-earnings ratio of -19.11 and a beta of 3.02.

Insider Transactions at Lightwave Logic

In other news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total transaction of $89,056.68. Following the completion of the transaction, the director directly owned 123,944 shares of the company’s stock, valued at $431,325.12. This trade represents a 17.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laila Partridge sold 10,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. The trade was a 13.52% decrease in their position. The SEC filing for this sale provides additional information. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LWLG. Alyeska Investment Group L.P. acquired a new position in shares of Lightwave Logic during the 4th quarter worth approximately $5,508,000. State Street Corp increased its stake in shares of Lightwave Logic by 177.8% during the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock worth $5,163,000 after purchasing an additional 1,019,881 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Lightwave Logic by 4,591.9% in the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock valued at $3,285,000 after purchasing an additional 992,129 shares during the period. Goldman Sachs Group Inc. grew its holdings in Lightwave Logic by 350.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 784,644 shares of the company’s stock worth $2,542,000 after purchasing an additional 610,624 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Lightwave Logic by 2,848.7% in the fourth quarter. Renaissance Technologies LLC now owns 607,632 shares of the company’s stock valued at $1,969,000 after buying an additional 587,025 shares during the last quarter. 27.04% of the stock is 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.