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.
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.