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

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) gapped up prior to trading on Monday . The stock had previously closed at $7.89, but opened at $8.33. Lightwave Logic shares last traded at $8.2630, with a volume of 861,300 shares changing hands.

Analysts Set New Price Targets

LWLG has been the topic of several research reports. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Trading Up 3.1%

The firm has a 50 day simple moving average of $11.96 and a two-hundred day simple moving average of $7.57. The company has a market capitalization of $1.46 billion, a PE ratio of -55.64 and a beta of 3.05.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%. The company had revenue of $0.03 million during the quarter.

Insider Activity at Lightwave Logic

In other Lightwave Logic news, Director Thomas M. Connelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.52, for a total value of $76,680.00. Following the transaction, the director directly owned 77,132 shares of the company’s stock, valued at approximately $657,164.64. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total transaction of $423,199.36. Following the transaction, the director owned 97,168 shares of the company’s stock, valued at approximately $754,023.68. The trade was a 35.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 83,881 shares of company stock worth $711,016 in the last three months. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after purchasing an additional 3,055 shares during the period. Jefferies Financial Group Inc. increased its position in Lightwave Logic by 11.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after purchasing an additional 3,865 shares during the period. Greenspring Advisors LLC increased its position in Lightwave Logic by 7.5% during the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after purchasing an additional 5,000 shares during the period. Osaic Holdings Inc. raised its stake in shares of Lightwave Logic by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after buying an additional 7,282 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Lightwave Logic by 1.0% during the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock worth $2,525,000 after buying an additional 7,870 shares in the last quarter. 27.04% of the stock is owned by hedge funds and other institutional investors.

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.