Lightwave Logic (NASDAQ:LWLG) Director Siraj Nour El-Ahmadi Sells 54,536 Shares of Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Siraj Nour El-Ahmadi sold 54,536 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total value of $423,199.36. Following the transaction, the director directly owned 97,168 shares in the company, valued at $754,023.68. The trade was a 35.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Siraj Nour El-Ahmadi also recently made the following trade(s):

• On Tuesday, January 27th, Siraj Nour El-Ahmadi sold 25,591 shares of Lightwave Logic stock. The shares were sold at an average price of $3.48, for a total value of $89,056.68.

Lightwave Logic Trading Up 4.3%

NASDAQ:LWLG opened at $8.21 on Wednesday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -48.29 and a beta of 2.75. Lightwave Logic Inc. has a 1-year low of $0.82 and a 1-year high of $9.03. The business’s fifty day moving average price is $5.22 and its 200 day moving average price is $4.64.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LWLG. Alyeska Investment Group L.P. acquired a new position in shares of Lightwave Logic during the 4th quarter valued at about $5,508,000. State Street Corp boosted its stake in Lightwave Logic by 177.8% during the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after purchasing an additional 1,019,881 shares during the period. Marshall Wace LLP grew its holdings in 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 buying an additional 992,129 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Lightwave Logic by 350.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 784,644 shares of the company’s stock valued at $2,542,000 after buying an additional 610,624 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Lightwave Logic by 2,848.7% in the 4th 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. 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.