Sol-Gel Technologies Ltd. (NASDAQ:SLGL – Get Free Report) major shareholder Opaleye Management Inc. acquired 8,638 shares of Sol-Gel Technologies stock in a transaction dated Monday, December 29th. The shares were bought at an average cost of $41.85 per share, with a total value of $361,500.30. Following the transaction, the insider owned 386,073 shares in the company, valued at approximately $16,157,155.05. This trade represents a 2.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Opaleye Management Inc. also recently made the following trade(s):
- On Wednesday, December 31st, Opaleye Management Inc. bought 22,497 shares of Sol-Gel Technologies stock. The shares were bought at an average price of $41.99 per share, for a total transaction of $944,649.03.
- On Tuesday, December 30th, Opaleye Management Inc. purchased 35,169 shares of Sol-Gel Technologies stock. The stock was bought at an average price of $41.99 per share, with a total value of $1,476,746.31.
- On Friday, December 26th, Opaleye Management Inc. purchased 1,626 shares of Sol-Gel Technologies stock. The stock was bought at an average cost of $41.68 per share, with a total value of $67,771.68.
- On Tuesday, December 23rd, Opaleye Management Inc. acquired 260 shares of Sol-Gel Technologies stock. The shares were bought at an average price of $41.66 per share, for a total transaction of $10,831.60.
- On Monday, December 22nd, Opaleye Management Inc. acquired 1,019 shares of Sol-Gel Technologies stock. The shares were bought at an average cost of $41.15 per share, for a total transaction of $41,931.85.
- On Wednesday, December 17th, Opaleye Management Inc. bought 2,735 shares of Sol-Gel Technologies stock. The stock was purchased at an average cost of $40.37 per share, with a total value of $110,411.95.
- On Wednesday, December 3rd, Opaleye Management Inc. purchased 2,524 shares of Sol-Gel Technologies stock. The shares were purchased at an average cost of $37.81 per share, for a total transaction of $95,432.44.
- On Monday, December 1st, Opaleye Management Inc. purchased 4,340 shares of Sol-Gel Technologies stock. The stock was acquired at an average cost of $37.37 per share, with a total value of $162,185.80.
Sol-Gel Technologies Trading Down 0.8%
SLGL opened at $42.14 on Friday. Sol-Gel Technologies Ltd. has a 1-year low of $4.02 and a 1-year high of $52.26. The company has a market cap of $117.57 million, a price-to-earnings ratio of -12.93 and a beta of 1.35. The company’s fifty day moving average price is $38.75 and its two-hundred day moving average price is $26.64.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $50.00 price objective on shares of Sol-Gel Technologies in a research note on Monday, December 22nd. Wall Street Zen lowered Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded Sol-Gel Technologies to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sol-Gel Technologies in a research note on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sol-Gel Technologies presently has a consensus rating of “Hold” and an average target price of $50.00.
Read Our Latest Report on SLGL
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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