Egalet Corporation (NASDAQ:EGLT) reached -19.7% versus a 1-year low price of $1.54. The stock was last seen -35.83% lower, reaching at $1.63 on Jul. 6, 2017. At recent session, the prices were hovering between $1.54 and $1.65. This company shares are 656.44% off its target price of $12.33 and the current market capitalization stands at $42.77M. The recent change has given its price a -41.69% deficit over SMA 50 and -83.7% deficit over its 52-week high. The stock witnessed -40.73% declines, -63.62% declines and -79.93% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EGLT’s volatility during a week at 6.56% and during a month it has been found around 8.54%.

Egalet Corporation (EGLT) Top Holders

Institutional investors currently hold around $42 million or 85.8% in EGLT stock. Look at its top three institutional owners. Omega Fund Management, Llc owns $7.34 million in Egalet Corporation, which represents roughly 17.16% of the company’s market cap and approximately 17.48% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 2,792,391 shares of the stock are valued at $7.09 million. The third largest holder is Franklin Resources Inc, which currently holds $6.94 million worth of this stock and that ownership represents nearly 16.23% of its market capitalization.

Egalet Corporation 13F Filings

At the end of March reporting period, 23 institutional holders increased their position in Egalet Corporation (NASDAQ:EGLT) by some 978,216 shares, 35 decreased positions by 3,391,797 and 17 held positions by 12,359,033. That puts total institutional holdings at 16,729,046 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 262,052 shares while 10 institutional investors sold out their entire positions totaling 952,915 shares.

Egalet Corporation (NASDAQ:EGLT) Insider Trades

Multiple company employees have indulged in significant insider trading. Egalet Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, GC & Chief Compliance Off VARKI PAUL has sold 806 shares of Egalet Corporation (EGLT) in trading session dated Jul. 03, 2017. These shares are worth $1,894 and were traded at $2.35 each. The SEC filing shows that Shea Patrick M performed a sale of 910 shares. The Chief Commercial Officer disposed these shares by way of transaction on Jul. 03, 2017. The company’s shares were given away at $2.35 per share worth to an income of some $2,139 on account of Shea Patrick M.

CFO, Musial Stan, sold 3,480 common shares of Egalet Corporation (EGLT) in the open market. In a transaction dated Jul. 03, 2017, the shares were put up for sale at an average price of $2.36, raking in a sum of $8,213. After this sale, 42,407 common shares of EGLT are directly owned by the insider, with total stake valued at $69,123.

In the transaction dated Jun. 30, 2017, the great number of shares disposed came courtesy the COO; Strobeck Mark disposed a total of 8,700 shares at an average price of $2.39, amounting to approximately $20,793. The insider now directly owns 20,780 shares worth $33,871.

Egalet Corporation (EGLT) Analyst Guide

Not many analysts have released their opinion on Egalet Corporation (NASDAQ:EGLT), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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