Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Get Free Report) major shareholder Opaleye Management Inc. purchased 1,937 shares of Sol-Gel Technologies stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $66.87 per share, for a total transaction of $129,527.19. Following the completion of the transaction, the insider owned 488,437 shares of the company’s stock, valued at $32,661,782.19. This represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Opaleye Management Inc. also recently made the following trade(s):
- On Tuesday, May 12th, Opaleye Management Inc. purchased 1,500 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $67.98 per share, for a total transaction of $101,970.00.
Sol-Gel Technologies Price Performance
SLGL stock traded down $4.37 during midday trading on Thursday, reaching $68.68. 7,990 shares of the company’s stock traded hands, compared to its average volume of 34,128. The company has a market capitalization of $192.99 million, a P/E ratio of -30.80 and a beta of 1.16. Sol-Gel Technologies Ltd. has a fifty-two week low of $6.80 and a fifty-two week high of $97.97. The business has a 50-day moving average price of $76.89 and a two-hundred day moving average price of $60.72.
Wall Street Analysts Forecast Growth
SLGL has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Sol-Gel Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded shares of Sol-Gel Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, HC Wainwright reiterated a “buy” rating and set a $110.00 price objective (up from $50.00) on shares of Sol-Gel Technologies in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Sol-Gel Technologies presently has an average rating of “Hold” and an average target price of $110.00.
Read Our Latest Stock Analysis on SLGL
Institutional Trading of Sol-Gel Technologies
A hedge fund recently bought a new stake in Sol-Gel Technologies stock. Yelin Lapidot Holdings Management Ltd. purchased a new position in Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,753 shares of the company’s stock, valued at approximately $748,000. Yelin Lapidot Holdings Management Ltd. owned about 0.64% of Sol-Gel Technologies at the end of the most recent quarter. 26.18% of the stock is currently owned by institutional investors.
About Sol-Gel Technologies
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.
Featured Stories
- Five stocks we like better than Sol-Gel Technologies
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Sol-Gel Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sol-Gel Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
