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

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) gapped down before the market opened on Thursday . The stock had previously closed at $5.60, but opened at $5.13. Lightwave Logic shares last traded at $4.55, with a volume of 3,161,952 shares.

Analysts Set New Price Targets

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

Lightwave Logic Stock Down 24.6%

The stock has a fifty day moving average of $3.85 and a 200-day moving average of $4.00. The firm has a market capitalization of $564.47 million, a P/E ratio of -23.44 and a beta of 3.02.

Insider Activity at Lightwave Logic

In other news, Director Siraj Nour El-Ahmadi sold 25,591 shares of Lightwave Logic stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total value of $89,056.68. Following the sale, the director directly owned 123,944 shares in the company, valued at $431,325.12. This trade represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laila Partridge sold 10,000 shares of the business’s 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 completion of the sale, the director directly owned 63,963 shares in the company, valued at approximately $237,942.36. This represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

Several hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new stake in shares of Lightwave Logic in the fourth quarter valued at about $5,508,000. State Street Corp grew its stake in Lightwave Logic by 177.8% in the fourth 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 in the last quarter. Marshall Wace LLP increased its position in shares of Lightwave Logic by 4,591.9% during the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock worth $3,285,000 after purchasing an additional 992,129 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Lightwave Logic by 350.9% during the 4th 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 in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Lightwave Logic by 2,848.7% during the 4th quarter. Renaissance Technologies LLC now owns 607,632 shares of the company’s stock worth $1,969,000 after purchasing an additional 587,025 shares in 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.