Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Get Free Report) major shareholder Opaleye Management Inc. bought 1,493 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $65.94 per share, with a total value of $98,448.42. Following the completion of the acquisition, the insider owned 540,000 shares of the company’s stock, valued at $35,607,600. This trade represents a 0.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% 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, September 10th, Opaleye Management Inc. purchased 1,631 shares of Sol-Gel Technologies stock. The shares were acquired at an average price of $66.80 per share, for a total transaction of $108,950.80.
- On Wednesday, September 9th, Opaleye Management Inc. purchased 3,097 shares of Sol-Gel Technologies stock. The shares were acquired at an average price of $68.70 per share, for a total transaction of $212,763.90.
- On Tuesday, September 8th, Opaleye Management Inc. purchased 3,861 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $68.82 per share, with a total value of $265,714.02.
- On Friday, September 4th, Opaleye Management Inc. acquired 3,018 shares of Sol-Gel Technologies stock. The stock was acquired at an average price of $69.14 per share, with a total value of $208,664.52.
- On Monday, August 31st, Opaleye Management Inc. acquired 5,217 shares of Sol-Gel Technologies stock. The stock was acquired at an average price of $68.27 per share, for a total transaction of $356,164.59.
- On Friday, August 28th, Opaleye Management Inc. bought 35,113 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $69.32 per share, for a total transaction of $2,434,033.16.
- On Friday, July 10th, Opaleye Management Inc. bought 229 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $73.95 per share, for a total transaction of $16,934.55.
- On Wednesday, July 8th, Opaleye Management Inc. bought 300 shares of Sol-Gel Technologies stock. The shares were acquired at an average price of $73.69 per share, with a total value of $22,107.00.
- On Thursday, July 2nd, Opaleye Management Inc. purchased 1,400 shares of Sol-Gel Technologies stock. The stock was acquired at an average cost of $71.97 per share, with a total value of $100,758.00.
- On Wednesday, July 1st, Opaleye Management Inc. purchased 312 shares of Sol-Gel Technologies stock. The stock was bought at an average price of $71.99 per share, for a total transaction of $22,460.88.
Sol-Gel Technologies Trading Down 1.2%
Shares of Sol-Gel Technologies stock opened at $65.18 on Tuesday. The company’s fifty day simple moving average is $77.70 and its two-hundred day simple moving average is $76.54. The company has a market cap of $183.16 million, a P/E ratio of -11.56 and a beta of 1.12. Sol-Gel Technologies Ltd. has a 12-month low of $23.15 and a 12-month high of $97.97.
Analyst Upgrades and Downgrades
Several analysts have commented on SLGL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Sol-Gel Technologies in a report on Tuesday, September 1st. Mizuho assumed coverage on Sol-Gel Technologies in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $285.00 target price for the company. TD Cowen assumed coverage on Sol-Gel Technologies in a research note on Friday, May 29th. They issued a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $110.00 price target on shares of Sol-Gel Technologies in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $197.50.
View Our Latest Stock Report on SLGL
Institutional Trading of Sol-Gel Technologies
A hedge fund recently bought a new stake in Sol-Gel Technologies stock. Navellier & Associates Inc. purchased a new stake in shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,785 shares of the company’s stock, valued at approximately $429,000. Navellier & Associates Inc. owned about 0.21% of Sol-Gel Technologies as of its most recent SEC filing. 26.18% of the stock is owned by institutional investors.
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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