Key Points
- Opaleye Management bought 22,497 shares of Sol‑Gel (SLGL) on Dec. 31 at $41.99 per share for $944,649, bringing its direct holdings to 443,739 shares valued at about $18.63 million and increasing its position by 5.34%.
- During December Opaleye accumulated roughly 78,808 shares across multiple transactions totaling about $3.27 million, signaling concentrated insider buying.
- For context, SLGL has a market cap near $117.6 million, a 12‑month range of $4.02–$52.26, and a consensus analyst rating of “Hold” with a $50 price target.
Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Get Free Report) major shareholder Opaleye Management Inc. purchased 8,638 shares of the stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of $41.85 per share, for a total transaction of $361,500.30. Following the completion of the transaction, the insider owned 386,073 shares of the company's stock, valued at $16,157,155.05. The trade was a 2.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 acquired at an average price 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 stock was acquired at an average cost of $41.99 per share, with a total value of $1,476,746.31.
- On Friday, December 26th, Opaleye Management Inc. bought 1,626 shares of Sol-Gel Technologies stock. The shares were bought at an average cost of $41.68 per share, for a total transaction of $67,771.68.
- On Tuesday, December 23rd, Opaleye Management Inc. purchased 260 shares of Sol-Gel Technologies stock. The stock was bought at an average cost of $41.66 per share, with a total value 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 price 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 bought at an average price 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 price of $37.81 per share, for a total transaction of $95,432.44.
- On Monday, December 1st, Opaleye Management Inc. acquired 4,340 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $37.37 per share, with a total value of $162,185.80.
Sol-Gel Technologies Trading Down 0.8%
Shares of NASDAQ:SLGL opened at $42.14 on Thursday. The firm has a market capitalization of $117.57 million, a PE ratio of -12.93 and a beta of 1.36. Sol-Gel Technologies Ltd. has a 1-year low of $4.02 and a 1-year high of $52.26. The business's 50 day moving average is $38.71 and its 200-day moving average is $26.53.
Sol-Gel Technologies (NASDAQ:SLGL - Get Free Report) last issued 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). Sol-Gel Technologies had a negative return on equity of 33.61% and a negative net margin of 47.37%.The firm had revenue of $0.40 million during the quarter, compared to the consensus estimate of $0.30 million. On average, sell-side analysts predict that Sol-Gel Technologies Ltd. will post -0.28 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Sol-Gel Technologies in a research note on Monday, December 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Sol-Gel Technologies in a research note on Monday. 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 research report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $50.00.
Read 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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