Lightwave Logic (NASDAQ:LWLG) Director Craig Ciesla Sells 11,000 Shares

Lightwave Logic Inc. (NASDAQ:LWLG) Director Craig Ciesla sold 11,000 shares of Lightwave Logic stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total value of $74,910.00. Following the completion of the sale, the director directly owned 118,824 shares of the company’s stock, valued at $809,191.44. The trade was a 8.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lightwave Logic Price Performance

Shares of LWLG opened at $8.21 on Wednesday. Lightwave Logic Inc. has a one year low of $0.82 and a one year high of $9.03. The firm has a market capitalization of $1.22 billion, a P/E ratio of -48.29 and a beta of 2.75. The business has a fifty day moving average of $5.22 and a 200 day moving average of $4.64.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors and hedge funds have recently bought and sold shares of LWLG. Envestnet Asset Management Inc. lifted its position in 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 in the last quarter. XTX Topco Ltd lifted its position in shares of Lightwave Logic by 183.6% in the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock valued at $70,000 after acquiring an additional 36,649 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Lightwave Logic in the second quarter worth about $458,000. Jump Financial LLC bought a new position in shares of Lightwave Logic in the second quarter worth about $56,000. Finally, WINTON GROUP Ltd bought a new position in shares of Lightwave Logic in the second quarter worth about $39,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

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.