Traders should monitor SLGL for an imminent catalyst (e.g., FDA update, pipeline data readout, or partnership announcement) given the size and concentration of insider buying. The stock's 90% bullish analyst consensus and the insider's willingness to deploy ~1.7% of market cap in a week suggest a high-probability near-term event.
Price Chart
Executive Summary
Opaleye Management Inc., a 10% owner of Sol-Gel Technologies, executed a concentrated open-market buying spree totaling ~$3.12M over a 7-day window (Aug 28 – Sep 4, 2026), with an additional ~$687K in follow-on purchases through Sep 9. The total insider buying of ~$3.8M represents ~1.7% of the company's $227M market cap, a highly material signal.
Key Financial Metrics
Key Facts
- Opaleye Management Inc., a 10% owner, purchased ~$3.12M in SLGL shares across 9 open-market trades from Aug 28 to Sep 4, 2026.
- An additional ~$687K in purchases occurred from Sep 4 to Sep 9, bringing the total cluster to ~$3.8M.
- Total insider buying of ~$3.8M equals ~1.7% of SLGL's $227M market cap, exceeding the 2% threshold for 'highly material'.
- Analyst consensus is 90% bullish (2 Strong Buy, 7 Buy, 1 Hold), indicating strong institutional confidence.
Financial Impact
~$3.8M in open-market purchases by a 10% owner, representing ~1.7% of market cap
Risk Factors
- Insider buying, while bullish, does not guarantee a near-term catalyst — the stock could drift lower if no news materializes.
- Opaleye Management is a single 10% owner; concentrated buying by one entity may reflect a control-building strategy rather than a pure valuation signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001493152-26-042023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | 6-K | $75.64 | awaiting T+20 | — | $69.63 (−7.95%) |
Sep 30, 2026 26d ago | 6-K | $74.28 | awaiting T+20 | — | $69.63 (−6.26%) |
Sep 17, 2026 5w ago | 6-K | $64.54 $68.70 | ▲ +6.45% | ▲ +4.99% | $69.63 (+7.89%) |
Sep 14, 2026 6w ago | Insider Buy | $64.40 $68.30 | ▲ +6.06% | ▲ +3.08% | $69.63 (+8.12%) |
Sep 9, 2026 6w ago | Insider Buy | $66.79 $70.34 | ▲ +5.32% | ▲ +2.94% | $69.63 (+4.25%) |
Sep 3, 2026 7w ago | Insider Buy | $69.52 $78.95 | ▲ +13.56% | ▲ +12.96% | $69.63 (+0.16%) |
Aug 31, 2026 8w ago | Insider Buy | $69.52 $74.28 | ▲ +6.85% | ▲ +6.53% | $69.63 (+0.16%) |
Aug 20, 2026 9w ago | 6-K | $78.50 $64.54 | ▼ −17.78% | ▼ −17.78% | $69.63 (−11.29%) |
Aug 20, 2026 9w ago | Press Release | $78.50 $64.54 | ▼ −17.78% | ▼ −17.78% | $69.63 (−11.29%) |
Aug 14, 2026 10w ago | Insider Buy | $83.01 $64.40 | ▼ −22.42% | ▼ −20.44% | $69.63 (−16.12%) |
US Market Status
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