Insider Buying: Pulse Biosciences, Inc (PLSE) Major Shareholder Buys 22,901 Shares of Stock
Pulse Biosciences, Inc (NASDAQ:PLSE) major shareholder Robert W. Duggan bought 22,901 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were acquired at an average price of $22.79 per share, with a total value of $521,913.79. Following the acquisition, the insider now owns 5,820,513 shares of the company’s stock, valued at $132,649,491.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Pulse Biosciences, Inc (NASDAQ:PLSE) traded up 1.36% during trading on Monday, hitting $23.88. The company had a trading volume of 91,208 shares. Pulse Biosciences, Inc has a 52 week low of $5.20 and a 52 week high of $39.50. The stock’s 50-day moving average price is $18.62 and its 200 day moving average price is $24.70. The company’s market capitalization is $342.30 million.
Pulse Biosciences (NASDAQ:PLSE) last announced its earnings results on Thursday, July 27th. The company reported ($0.43) EPS for the quarter.
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Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers bought a new stake in shares of Pulse Biosciences during the 2nd quarter worth approximately $325,000. TIAA FSB bought a new stake in shares of Pulse Biosciences during the 2nd quarter worth approximately $943,000. OxFORD Asset Management LLP bought a new stake in shares of Pulse Biosciences during the 2nd quarter worth approximately $310,000. California Public Employees Retirement System bought a new stake in shares of Pulse Biosciences during the 2nd quarter worth approximately $297,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Pulse Biosciences during the 2nd quarter worth approximately $529,000. 9.55% of the stock is owned by hedge funds and other institutional investors.
Pulse Biosciences Company Profile
Pulse Biosciences, Inc, formerly Electroblate, Inc, is a development-stage medical device company using a platform technology called Nano-Pulse Electro-Signaling (NPES). NPES is a local and drug-free technology that utilizes nanosecond pulsed electric fields to induce cell signaling and the activation of cellular pathways in tissue.
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