Pulse Biosciences (NASDAQ:PLSE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.
Separately, BidaskClub cut Pulse Biosciences from a “hold” rating to a “sell” rating in a report on Friday, December 22nd.
Pulse Biosciences (NASDAQ PLSE) traded up $0.80 during mid-day trading on Friday, reaching $19.76. 114,317 shares of the company’s stock were exchanged, compared to its average volume of 86,400. Pulse Biosciences has a 12 month low of $6.62 and a 12 month high of $39.50. The firm has a market capitalization of $322.90, a PE ratio of -14.22 and a beta of -0.17.
In related news, Director Maky Zanganeh purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average price of $23.07 per share, for a total transaction of $92,280.00. Following the acquisition, the director now directly owns 332,500 shares in the company, valued at $7,670,775. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLSE. Nationwide Fund Advisors acquired a new stake in Pulse Biosciences during the 2nd quarter worth about $177,000. The Manufacturers Life Insurance Company bought a new stake in Pulse Biosciences in the 2nd quarter valued at about $250,000. California Public Employees Retirement System bought a new stake in Pulse Biosciences in the 2nd quarter valued at about $297,000. OxFORD Asset Management LLP bought a new stake in Pulse Biosciences in the 2nd quarter valued at about $310,000. Finally, Rhumbline Advisers bought a new stake in Pulse Biosciences in the 2nd quarter valued at about $325,000. Hedge funds and other institutional investors own 9.31% of the company’s stock.
About Pulse Biosciences
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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