Sol-Gel Technologies (NASDAQ:SLGL) Major Shareholder Purchases $64,432.98 in Stock

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) major shareholder Opaleye Management Inc. bought 1,151 shares of the stock in a transaction on Friday, January 23rd. The shares were bought at an average price of $55.98 per share, for a total transaction of $64,432.98. Following the purchase, the insider directly owned 449,844 shares in the company, valued at approximately $25,182,267.12. This trade represents a 0.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Thursday, January 22nd, Opaleye Management Inc. purchased 2,173 shares of Sol-Gel Technologies stock. The stock was bought at an average price of $56.57 per share, with a total value of $122,926.61.
• On Wednesday, December 31st, Opaleye Management Inc. acquired 22,497 shares of Sol-Gel Technologies stock. The shares were bought at an average cost of $41.99 per share, with a total value of $944,649.03.
• On Tuesday, December 30th, Opaleye Management Inc. acquired 35,169 shares of Sol-Gel Technologies stock. The shares were bought at an average price of $41.99 per share, for a total transaction of $1,476,746.31.
• On Monday, December 29th, Opaleye Management Inc. bought 8,638 shares of Sol-Gel Technologies stock. The stock was bought at an average price of $41.85 per share, for a total transaction of $361,500.30.
• On Friday, December 26th, Opaleye Management Inc. bought 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. purchased 260 shares of Sol-Gel Technologies stock. The shares were purchased at an average cost of $41.66 per share, for a total transaction of $10,831.60.
• On Monday, December 22nd, Opaleye Management Inc. purchased 1,019 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $41.15 per share, for a total transaction of $41,931.85.
• On Wednesday, December 17th, Opaleye Management Inc. acquired 2,735 shares of Sol-Gel Technologies stock. The shares were purchased at an average price of $40.37 per share, with a total value of $110,411.95.
• On Wednesday, December 3rd, Opaleye Management Inc. bought 2,524 shares of Sol-Gel Technologies stock. The stock was 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 shares were purchased at an average price of $37.37 per share, with a total value of $162,185.80.

Sol-Gel Technologies Stock Up 1.6%

NASDAQ SLGL opened at $58.44 on Monday. The company has a 50-day moving average price of $46.68 and a 200-day moving average price of $32.79. Sol-Gel Technologies Ltd. has a 52 week low of $4.02 and a 52 week high of $75.00. The firm has a market capitalization of $163.05 million, a P/E ratio of -17.93 and a beta of 1.35.

Sol-Gel Technologies (NASDAQ:SLGL) last announced its earnings results on Thursday, November 20th. The company reported ($2.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.09) by ($0.04). Sol-Gel Technologies had a negative net margin of 47.37% and a negative return on equity of 33.61%. The business had revenue of $0.40 million for the quarter, compared to the consensus estimate of $0.30 million. As a group, equities research analysts anticipate that Sol-Gel Technologies Ltd. will post -0.28 EPS for the current year.

Analysts Set New Price Targets

SLGL has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sol-Gel Technologies in a report on Monday, December 29th. HC Wainwright reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $50.00) on shares of Sol-Gel Technologies in a research note on Tuesday, January 20th. Zacks Research raised Sol-Gel Technologies to a “hold” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen cut Sol-Gel Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.00.

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.