Insider Buying: Peter G. Traber Buys 1,000 Shares of Galectin Therapeutics Stock (GALT)
Galectin Therapeutics (NASDAQ:GALT) CEO Peter G. Traber purchased 1,000 shares of Galectin Therapeutics stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $4.42 per share, with a total value of $4,420.00. Following the acquisition, the chief executive officer now directly owns 97,333 shares in the company, valued at approximately $430,212. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Galectin Therapeutics (NASDAQ:GALT) opened at 4.78 on Friday. Galectin Therapeutics has a one year low of $4.28 and a one year high of $19.11. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $12.76. The company’s market cap is $105.4 million.
Galectin Therapeutics (NASDAQ:GALT) last announced its earnings results on Thursday, August 7th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.04. On average, analysts predict that Galectin Therapeutics will post $-0.95 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GALT shares. Analysts at Aegis downgraded shares of Galectin Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. Separately, analysts at BMO Capital Markets reiterated a “positive” rating on shares of Galectin Therapeutics in a research note on Tuesday, July 29th. Finally, analysts at MLV & Co
cut their price target on shares of Galectin Therapeutics from $27.00 to $15.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock.
Galectin Therapeutics Inc (NASDAQ:GALT) is a development-stage company engaged in drug development to create new therapies for cancer and fibrotic disease.
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