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Lpath (NASDAQ:LPTN) CFO Gary J. G. Atkinson purchased 5,000 shares of Lpath stock in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of $3.10 per share, for a total transaction of $15,500.00. Following the completion of the purchase, the chief financial officer now directly owns 21,298 shares in the company, valued at approximately $66,024. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Lpath (NASDAQ:LPTN) opened at 3.14 on Friday. Lpath has a one year low of $2.75 and a one year high of $6.46. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $4.15. The company’s market cap is $49.0 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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