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Lightpath Technologies Inc Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 30 Mar 2026.
Lightpath Technologies Inc: what insiders have been doing
Lightpath Technologies Inc belongs to the Technology sector. Filings by its managers are published through SEC (Form 4). Over the twelve months to 18 October 2026, the company's managers filed 20 filings, from 6 insiders.
The record shows 1 purchase on the open market worth €1,513, made by 1 insider, against 5 sales worth €48.7M by 1 insider. Netting one side against the other leaves €48.7M of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The largest single trade was a sale of €43.0M by North Run Strategic Opportunities Fund I, LP, published on 4 June 2026, equal to 5.0% of the market capitalisation. Those buying include 1 chief executive.
Compared with its exchange (5,814 companies, median 19 filings), a count of 20 filings is above the norm. Over the whole record (from 2016), the tally stands at 24 purchases and 7 sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 30 June 2026), the company reported revenue of 71.7 m USD and net income of -20.5 m USD.
The most recent open-market purchase was published on 30 March 2026, 202 days ago. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
For comparison within the same sector, see the insider buying recorded at Core Scientific, Inc./tx and Gitlab Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
68
Thresholds
n/a
Buy Volume
€72,045
24 ops. · all time
Sell Volume
€49M
7 ops. · all time
Who traded when
BuySaleNorth Run Strategic Opportunities Fund I, LP5 sales
Shmuel Rubin3 buys
Kimberly Anne Crider1 buy
Since the insiders bought
- +45.3%Entry US$10.03 · Close at T+90 US$14.57
- +357.1%Entry US$2.45 · Close at T+365 US$11.20
- +6.3%Entry US$1.26 · Close at T+365 US$1.34
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Lightpath Technologies Inc Strong Buy (bullish), based on 5 analysts. Average price target: US$15.80.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 21,715 of 24,148 companies
22.3
score / 100
Value26
Quality19
FCF yld-2.4%
Earn yld-2.9%
EV/EBITDA·
ROE-20%
Gross mgn36%
Net mgn-29%
Debt/EBITDA19.3x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2026FY ended June 2026 · cache
US$10.02
Analyst consensus
5 analystsStrong buy
US$15.00Target US$15.80(+58%)US$17.00
Income statement
RevenueUS$71.7M
Gross profitUS$25.8M36% margin
EBITDAUS$565k1% margin
Net income-US$20.5M-28.6% margin
Valuation
PER (forward)91.1x
P/Book6.9x
Beta1.40
Balance sheet & cash
Market capUS$701.8M
Total debtUS$10.9M
Free Cash Flow-US$16.5M
Debt / Equity7%
Profitability & ownership
ROE-19.7%
ROA-1.9%
% insiders1.1%
% institutions78.9%
Last declaration on 4 June 2026
Declarations68 total
3,571,400 shares@ US$2.150.77% mcap9.9% of flowClass A Common StockSEC:0001437749-26-019612:0
3,571,400 shares@ US$14.005.03% mcap64.6% of flowClass A Common StockSEC:0001437749-26-019612:1
83,052 shares@ US$12.250.12% mcap1.3% of flowClass A Common StockSEC:0001437749-26-017176:0
180 shares@ US$9.6957.4% of flowClass A Common StockSEC:0001437749-26-010193:0
Canonical exit: 25 Jun 2026 (T+90)
54,557 shares@ US$12.060.9% of flowClass A Common StockSEC:0001437749-26-009957:0
104,454 shares@ US$12.011.6% of flowClass A Common StockSEC:0001437749-26-009061:0
740,000 shares@ US$2.152.0% of flowClass A Common StockSEC:0001437749-26-006959:0
300,092 shares@ US$12.184.7% of flowClass A Common StockSEC:0001437749-26-006123:0
1,260,000 shares@ US$2.153.5% of flowClass A Common StockSEC:0001437749-26-005420:0
29,011 sharesClass A Common StockSEC:0001437749-26-002995:0
12,103 sharesClass A Common StockSEC:0001437749-26-002990:0
3,499,289 shares@ US$2.5811.6% of flowClass A Common StockSEC:0001654954-26-000151:0
13,020 shares0Class A common stockSEC:0001654954-25-014216:0
6,968 sharesClass A common stockSEC:0001654954-25-013386:0
19,355 sharesClass A common stockSEC:0001654954-25-013395:0
19,355 sharesClass A common stockSEC:0001654954-25-013384:0
4,137 sharesClass A common stockSEC:0001654954-25-013383:0
9,529 sharesClass A common stockSEC:0001654954-25-013375:0
7,359 sharesClass A common stockSEC:0001654954-25-013218:0
16,951 sharesClass A common stockSEC:0001654954-25-013221:0
1,000 shares@ US$2.452211.5% of flowClass A common stockSEC:0001654954-25-001908:0
Canonical exit: 26 May 2025 (T+90)
1,000 shares@ US$2.5612.0% of flowClass A common stockSEC:0001654954-25-001786:0
Canonical exit: 20 May 2025 (T+90)
1,000 shares@ US$2.51100.0% of flowClass A common stockSEC:0001654954-25-001788:0
Canonical exit: 21 May 2025 (T+90)
12,026 sharesClass A common stockSEC:0001654954-25-001092:0
43,796 sharesClass A common stockSEC:0001654954-25-001096:0
25 of 68 declarations
About Lightpath Technologies Inc
LightPath Technologies Inc. is a U.S.-based optical technology company listed on the NASDAQ under the ticker LPTH. The company is headquartered in Orlando, Florida, United States, and presents itself as a provider of next-generation optics and imaging systems for both defense and commercial applications. Over time, LightPath has evolved from a more traditional components supplier into a solutions-oriented business with higher-value assemblies, cameras, subsystems, and systems. Recent investor materials indicate a workforce of roughly 350 employees. ([lightpath.com](https://www.lightpath.com/news/))
From an industry perspective, LightPath sits in a specialized niche of infrared optics, thermal imaging, and optoelectronic systems. Its end markets are primarily split between government/defense and commercial customers. On the defense side, the company highlights use cases such as counter-UAS, border protection, weapon systems, and ISR (intelligence, surveillance and reconnaissance). On the commercial side, it references smart-city infrastructure, sports, drones, and other imaging-driven applications. This diversified demand profile gives LightPath exposure to multiple budget cycles, although defense and public safety appear to be the clearest current growth drivers. ([lightpath.com](https://www.lightpath.com/hubfs/LPTH%20Investor%20Presentation%20-%20December%202025.pdf?hsLang=en))
Read moreShow less
A core strategic differentiator is BlackDiamond™, LightPath’s proprietary glass solution. Management describes it as enabling multispectral cameras without germanium, with potential benefits in size, weight, and cost reduction. In the company’s recent messaging, this technology is positioned as a way to strengthen domestic and allied supply chains for IR optics and to support a broader transition away from legacy component-only offerings toward integrated systems. LightPath also emphasizes that most of its manufacturing is now located in the United States and Europe, which is relevant for defense customers concerned about sourcing, resilience, and security. ([lightpath.com](https://www.lightpath.com/hubfs/LPTH%20Investor%20Presentation%20-%20December%202025.pdf?hsLang=en))
Recent developments have been material. In 2025, LightPath announced the acquisition of G5 Infrared, expanding its infrared camera capabilities. The company also disclosed several meaningful purchase orders for IR camera systems, including orders tied to public safety and a global technology customer. In parallel, it announced an underwritten public offering in December 2025, underscoring the capital needs that can accompany growth and product-scale expansion. The latest filings and presentations show rising revenue, a larger backlog, and a mix shift toward higher average selling prices as more of the business moves into assemblies and system-level products rather than low-value components. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889971/000143774926003809/lpth20251231_10q.htm))
For investors, LightPath Technologies is best viewed as a specialized technology and industrial optics platform rather than a broad electronics company. The upside case is tied to BlackDiamond commercialization, defense demand, and scaling of higher-margin systems; the key risks include execution, funding dilution, and the inherent cyclicality of order-driven hardware markets. ([lightpath.com](https://www.lightpath.com/hubfs/LPTH%20Investor%20Presentation%20-%20May%202026.pdf?hsLang=en))
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