LightPath Technologies (NASDAQ:LPTH) Director Sells $7,462,529.69 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 595,573 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $12.53, for a total transaction of $7,462,529.69. Following the completion of the sale, the director directly owned 3,393,395 shares in the company, valued at approximately $42,519,239.35. This trade represents a 14.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Run Strategic Opportunit North also recently made the following trade(s):

• On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The stock was sold at an average price of $12.02, for a total transaction of $1,577,997.62.
• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The shares were sold at an average price of $12.01, for a total transaction of $78,065.00.
• On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12.

LightPath Technologies Stock Performance

Shares of LPTH stock opened at $11.14 on Friday. The company has a market cap of $642.88 million, a P/E ratio of -21.42 and a beta of 0.97. The firm has a fifty day moving average price of $11.26 and a 200 day moving average price of $8.44. The company has a current ratio of 3.97, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. LightPath Technologies, Inc. has a 12 month low of $1.61 and a 12 month high of $15.24.

Institutional Trading of LightPath Technologies

A number of large investors have recently bought and sold shares of the business. AWM Investment Company Inc. increased its stake in LightPath Technologies by 40.9% in the fourth quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock valued at $22,033,000 after purchasing an additional 592,500 shares during the period. Vanguard Group Inc. grew its holdings in shares of LightPath Technologies by 3.8% during the third quarter. Vanguard Group Inc. now owns 1,967,566 shares of the technology company’s stock worth $15,603,000 after buying an additional 72,208 shares during the last quarter. Portolan Capital Management LLC acquired a new position in LightPath Technologies in the 3rd quarter valued at about $12,939,000. Goldman Sachs Group Inc. raised its stake in LightPath Technologies by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,449,642 shares of the technology company’s stock valued at $15,656,000 after acquiring an additional 181,538 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in LightPath Technologies during the 3rd quarter worth approximately $8,445,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LPTH. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, January 22nd. HC Wainwright upped their target price on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Lake Street Capital lifted their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.10.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.