Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Get Free Report) major shareholder Opaleye Management Inc. bought 5,217 shares of the stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $68.27 per share, for a total transaction of $356,164.59. Following the purchase, the insider owned 525,217 shares of the company's stock, valued at $35,856,564.59. This trade represents a 1.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Friday, August 28th, Opaleye Management Inc. purchased 35,113 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $69.32 per share, with a total value of $2,434,033.16.
- On Friday, July 10th, Opaleye Management Inc. acquired 229 shares of Sol-Gel Technologies stock. The stock was purchased 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 purchased at an average cost of $73.69 per share, with a total value of $22,107.00.
- On Thursday, July 2nd, Opaleye Management Inc. bought 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. bought 312 shares of Sol-Gel Technologies stock. The stock was acquired at an average cost of $71.99 per share, with a total value of $22,460.88.
Sol-Gel Technologies Stock Performance
SLGL stock opened at $69.10 on Tuesday. Sol-Gel Technologies Ltd. has a 52 week low of $21.10 and a 52 week high of $97.97. The company has a market capitalization of $194.17 million, a PE ratio of -12.25 and a beta of 1.12. The company's 50-day simple moving average is $78.66 and its 200 day simple moving average is $77.10.
Sol-Gel Technologies (NASDAQ:SLGL - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($2.36) by $1.23. The business had revenue of $0.59 million during the quarter, compared to analysts' expectations of $0.07 million. Sol-Gel Technologies had a negative net margin of 910.14% and a negative return on equity of 44.05%. On average, analysts forecast that Sol-Gel Technologies Ltd. will post -8.38 EPS for the current year.
Analysts Set New Price Targets
SLGL has been the subject of several recent research reports. Wall Street Zen cut Sol-Gel Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. HC Wainwright reissued a "buy" rating and issued a $110.00 price objective on shares of Sol-Gel Technologies in a research note on Monday, July 20th. TD Cowen started coverage on shares of Sol-Gel Technologies in a research report on Friday, May 29th. They set a "buy" rating for the company. Mizuho began coverage on Sol-Gel Technologies in a report on Wednesday, June 24th. They issued an "outperform" rating and a $285.00 target price on the stock. Finally, Weiss Ratings lowered Sol-Gel Technologies from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $197.50.
Get Our Latest Stock Report on SLGL
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Sol-Gel Technologies in the 4th quarter valued at $748,000. Opaleye Management Inc. grew its position in Sol-Gel Technologies by 121.5% during the 4th quarter. Opaleye Management Inc. now owns 453,739 shares of the company's stock worth $19,121,000 after acquiring an additional 248,904 shares during the last quarter. Affinity Asset Advisors LLC acquired a new position in Sol-Gel Technologies in the 1st quarter worth about $2,773,000. Finally, Navellier & Associates Inc. acquired a new position in Sol-Gel Technologies in the 2nd quarter worth about $429,000. 26.18% of the stock is currently owned by institutional investors.
Sol-Gel Technologies Company Profile
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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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