Lpath CFO Purchases $15,500 in Stock (LPTN)
Lpath (NASDAQ:LPTN) CFO Gary J. G. Atkinson acquired 5,000 shares of Lpath stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average cost of $3.10 per share, with a total value 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 purchase was disclosed in a filing 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) opened at 3.22 on Monday. 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 $3.59 and a 200-day moving average of $4.14. The company’s market cap is $50.3 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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