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Lpath (NASDAQ:LPTN) CFO Gary J. G. Atkinson purchased 5,000 shares of Lpath stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average price of $3.10 per share, with a total value of $15,500.00. Following the purchase, the chief financial officer now directly owns 21,298 shares in the company, valued at approximately $66,024. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 (NASDAQ:LPTN) traded up 4.12% on Thursday, hitting $3.186. 10,599 shares of the company’s stock traded hands. Lpath has a 1-year low of $2.75 and a 1-year high of $6.46. The stock has a 50-day moving average of $3.63 and a 200-day moving average of $4.16. The company’s market cap is $49.8 million.

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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