Sol-Gel Technologies (NASDAQ:SLGL) Major Shareholder Purchases $10,831.60 in Stock

Sol-Gel Technologies Ltd. (NASDAQ:SLGLGet Free Report) major shareholder Opaleye Management Inc. bought 260 shares of Sol-Gel Technologies stock in a transaction on Tuesday, December 23rd. The shares were acquired at an average cost of $41.66 per share, for a total transaction of $10,831.60. Following the completion of the acquisition, the insider directly owned 375,809 shares in the company, valued at approximately $15,656,202.94. The trade was a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 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 Friday, December 26th, Opaleye Management Inc. purchased 1,626 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $41.68 per share, with a total value of $67,771.68.
  • On Monday, December 22nd, Opaleye Management Inc. acquired 1,019 shares of Sol-Gel Technologies stock. The stock was acquired 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 shares were bought at an average cost 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 shares were bought 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 bought at an average price of $37.37 per share, for a total transaction of $162,185.80.

Sol-Gel Technologies Stock Performance

Shares of SLGL traded up $2.69 during mid-day trading on Monday, reaching $44.54. 36,276 shares of the company were exchanged, compared to its average volume of 21,877. Sol-Gel Technologies Ltd. has a 52 week low of $4.02 and a 52 week high of $52.26. The stock has a market capitalization of $124.27 million, a PE ratio of -13.66 and a beta of 1.35. The business has a 50 day simple moving average of $38.52 and a two-hundred day simple moving average of $25.91.

Sol-Gel Technologies (NASDAQ:SLGLGet Free Report) last announced its earnings results on Thursday, November 20th. The company reported ($2.13) EPS for the quarter, missing the consensus estimate of ($2.09) by ($0.04). The company had revenue of $0.40 million during the quarter, compared to the consensus estimate of $0.30 million. Sol-Gel Technologies had a negative net margin of 47.37% and a negative return on equity of 33.61%. On average, analysts predict that Sol-Gel Technologies Ltd. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Sol-Gel Technologies in a report on Monday, December 22nd. Zacks Research upgraded shares of Sol-Gel Technologies to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price target on shares of Sol-Gel Technologies in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.00.

Get Our Latest Stock Analysis on SLGL

Sol-Gel Technologies Company Profile

(Get Free Report)

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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