Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Get Free Report) major shareholder Opaleye Management Inc. purchased 312 shares of the stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of $71.99 per share, for a total transaction of $22,460.88. Following the completion of the purchase, the insider directly owned 490,312 shares of the company’s stock, valued at approximately $35,297,560.88. The trade was a 0.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Opaleye Management Inc. also recently made the following trade(s):
- On Thursday, July 2nd, Opaleye Management Inc. purchased 1,400 shares of Sol-Gel Technologies stock. The shares were purchased at an average price of $71.97 per share, with a total value of $100,758.00.
- On Wednesday, May 13th, Opaleye Management Inc. acquired 1,937 shares of Sol-Gel Technologies stock. The stock was purchased at an average cost of $66.87 per share, with a total value of $129,527.19.
- On Tuesday, May 12th, Opaleye Management Inc. acquired 1,500 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $67.98 per share, for a total transaction of $101,970.00.
Sol-Gel Technologies Price Performance
Shares of SLGL opened at $74.01 on Friday. Sol-Gel Technologies Ltd. has a 52-week low of $6.96 and a 52-week high of $97.97. The firm’s fifty day moving average is $72.79 and its two-hundred day moving average is $69.80. The stock has a market cap of $207.97 million, a PE ratio of -217.67 and a beta of 1.12.
Hedge Funds Weigh In On Sol-Gel Technologies
Several institutional investors and hedge funds have recently bought and sold shares of SLGL. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Sol-Gel Technologies in the 4th quarter valued at approximately $748,000. Affinity Asset Advisors LLC purchased a new stake in shares of Sol-Gel Technologies during the 1st quarter valued at approximately $2,773,000. Finally, Opaleye Management Inc. lifted its holdings in Sol-Gel Technologies by 121.5% in the fourth quarter. Opaleye Management Inc. now owns 453,739 shares of the company’s stock valued at $19,121,000 after acquiring an additional 248,904 shares during the last quarter. 26.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SLGL has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Wall Street Zen lowered Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Mizuho assumed coverage on Sol-Gel Technologies in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $285.00 price target for the company. Lifesci Capital raised Sol-Gel Technologies to a “strong-buy” rating in a report on Friday, May 15th. Finally, TD Cowen started coverage on Sol-Gel Technologies in a research report on Friday, May 29th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sol-Gel Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $197.50.
Check Out Our Latest Stock Report on Sol-Gel Technologies
Sol-Gel Technologies Company Profile
Sol-Gel Technologies, Inc (NASDAQ: SLGL) is a U.S.-based advanced materials company specializing in the development and commercialization of nanostructured materials using proprietary sol-gel processes. Leveraging expertise in materials chemistry and thin-film deposition, the company focuses on the production of metal oxide powders, sols, coatings and functional inks designed to enhance performance in a variety of industrial and commercial applications.
The company’s product portfolio includes corrosion- and abrasion-resistant coatings, dielectric and conductive films, catalyst supports and specialty fillers.
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