Insider Buying: Sol-Gel Technologies (NASDAQ:SLGL) Major Shareholder Acquires $98,448.42 in Stock

Sol-Gel Technologies Ltd. (NASDAQ:SLGLGet Free Report) major shareholder Opaleye Management Inc. acquired 1,493 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $65.94 per share, for a total transaction of $98,448.42. Following the acquisition, the insider owned 540,000 shares of the company’s stock, valued at $35,607,600. This represents a 0.28% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Thursday, September 10th, Opaleye Management Inc. bought 1,631 shares of Sol-Gel Technologies stock. The shares were bought at an average price of $66.80 per share, for a total transaction of $108,950.80.
  • On Wednesday, September 9th, Opaleye Management Inc. purchased 3,097 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $68.70 per share, for a total transaction of $212,763.90.
  • On Tuesday, September 8th, Opaleye Management Inc. acquired 3,861 shares of Sol-Gel Technologies stock. The stock was purchased at an average cost of $68.82 per share, with a total value of $265,714.02.
  • On Friday, September 4th, Opaleye Management Inc. bought 3,018 shares of Sol-Gel Technologies stock. The stock was purchased at an average cost of $69.14 per share, for a total transaction of $208,664.52.
  • On Monday, August 31st, Opaleye Management Inc. purchased 5,217 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $68.27 per share, with a total value of $356,164.59.
  • On Friday, August 28th, Opaleye Management Inc. purchased 35,113 shares of Sol-Gel Technologies stock. The shares were purchased at an average cost 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 acquired at an average price of $73.95 per share, for a total transaction of $16,934.55.
  • On Wednesday, July 8th, Opaleye Management Inc. acquired 300 shares of Sol-Gel Technologies stock. The stock was acquired at an average cost of $73.69 per share, for a total transaction of $22,107.00.
  • On Thursday, July 2nd, Opaleye Management Inc. acquired 1,400 shares of Sol-Gel Technologies stock. The stock was acquired at an average cost of $71.97 per share, for a total transaction of $100,758.00.
  • On Wednesday, July 1st, Opaleye Management Inc. bought 312 shares of Sol-Gel Technologies stock. The shares were acquired at an average price of $71.99 per share, with a total value of $22,460.88.

Sol-Gel Technologies Trading Down 1.5%

Shares of SLGL opened at $63.44 on Thursday. Sol-Gel Technologies Ltd. has a 12-month low of $23.15 and a 12-month high of $97.97. The stock has a market cap of $178.27 million, a P/E ratio of -11.25 and a beta of 1.12. The company has a 50-day moving average of $77.19 and a two-hundred day moving average of $76.18.

Sol-Gel Technologies (NASDAQ:SLGLGet Free Report) last released its quarterly earnings results on Friday, August 21st. The company reported ($1.13) EPS for the quarter, beating the consensus estimate of ($2.36) by $1.23. Sol-Gel Technologies had a negative net margin of 910.14% and a negative return on equity of 44.05%. The business had revenue of $0.59 million for the quarter, compared to analyst estimates of $0.07 million. As a group, analysts forecast that Sol-Gel Technologies Ltd. will post -6.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho initiated coverage on Sol-Gel Technologies in a research report on Wednesday, June 24th. They set an “outperform” rating and a $285.00 price objective for the company. TD Cowen started coverage on shares of Sol-Gel Technologies in a report on Friday, May 29th. They issued a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Sol-Gel Technologies in a research report on Tuesday, September 1st. Finally, HC Wainwright restated a “buy” rating and set a $110.00 price objective on shares of Sol-Gel Technologies in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.50.

Check Out Our Latest Stock Analysis on SLGL

Institutional Trading of Sol-Gel Technologies

An institutional investor recently bought a new stake in Sol-Gel Technologies stock. Affinity Asset Advisors LLC acquired a new position in shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGLFree Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 35,000 shares of the company’s stock, valued at approximately $2,773,000. Affinity Asset Advisors LLC owned about 1.25% of Sol-Gel Technologies as of its most recent SEC filing. Institutional investors own 26.18% of the company’s stock.

About Sol-Gel Technologies

(Get Free Report)

Sol-Gel Technologies Ltd. is an Israeli specialty pharmaceutical company focused on developing topical dermatological treatments. The company uses proprietary microencapsulation technology designed to improve the delivery, stability, and tolerability of active pharmaceutical ingredients applied to the skin.

Sol-Gel’s products include TWYNEO Cream, a topical combination of tretinoin and benzoyl peroxide for acne, and EPSOLAY Cream, a microencapsulated benzoyl peroxide treatment for inflammatory lesions associated with rosacea.

See Also

Insider Buying and Selling by Quarter for Sol-Gel Technologies (NASDAQ:SLGL)

Receive News & Ratings for Sol-Gel Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sol-Gel Technologies and related companies with MarketBeat.com's FREE daily email newsletter.