Lpath CEO Scott R. Pancoast Purchases 10,000 Shares (LPTN)
Lpath (NASDAQ:LPTN) CEO Scott R. Pancoast bought 10,000 shares of Lpath stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $3.22 per share, for a total transaction of $32,200.00. Following the completion of the purchase, the chief executive officer now directly owns 106,435 shares of the company’s stock, valued at approximately $342,721. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Lpath (NASDAQ:LPTN) opened at 3.30 on Tuesday. Lpath has a 52 week low of $3.05 and a 52 week high of $6.46. The stock’s 50-day moving average is $3.69 and its 200-day moving average is $4.18. The company’s market cap is $51.5 million.
Separately, analysts at MLV & Co
cut their price target on shares of Lpath from $13.00 to $11.00 in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock.
Lpath, Inc is a biotechnology company focused on the discovery and development of lipidomic-based therapeutics, an emerging field of medical science whereby bioactive lipids are targeted to treat human diseases.
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