Recent insider trends for LightPath Technologies, Inc. (NASDAQ:LPTH) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how LPTH might perform in the future.
Institutions own 30.78% of LightPath Technologies, Inc. (LPTH)’s shares. The total value of these holdings, in millions, is $28. Among active positions in the latest quarter, 17 holders increased their positions by a total of 1.77 million shares, 9 holders decreased the positions by a total of 969266 shares, and 10 holders held their positions. This works out to a net increase in ownership of 805542 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 7 holders initiated new positions by a total of 201852 shares and 4 holders exited their positions by a total of 926359 shares. This nets out to a decrease of 724507 shares and is another bearish sign for LPTH.
Insider ownership increased by a total of 0 shares, which suggests that LPTH’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 15 buys, and ownership increased by a net of 254058 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. LightPath Technologies, Inc. (NASDAQ:LPTH)’s short interest is 700400 shares, or 3.76% of the float. This represents a decrease of -12% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for LPTH. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that LPTH is a Strong buy, which implies that LPTH is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that LightPath Technologies, Inc. (NASDAQ:LPTH) is undervalued.