Pulse Biosciences (PLSE) Rating Increased to Hold at BidaskClub

Pulse Biosciences (NASDAQ:PLSE) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Shares of Pulse Biosciences (NASDAQ PLSE) traded down $0.13 on Friday, reaching $24.78. 150,888 shares of the company’s stock traded hands, compared to its average volume of 150,065. Pulse Biosciences has a 12 month low of $5.25 and a 12 month high of $39.50.

Pulse Biosciences (NASDAQ:PLSE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.52) earnings per share for the quarter.

In other Pulse Biosciences news, major shareholder Robert W. Duggan acquired 2,000,000 shares of the firm’s stock in a transaction that occurred on Sunday, September 24th. The shares were acquired at an average cost of $15.02 per share, for a total transaction of $30,040,000.00. Following the transaction, the insider now directly owns 5,797,612 shares of the company’s stock, valued at $87,080,132.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maky Zanganeh acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was acquired at an average price of $23.07 per share, for a total transaction of $92,280.00. Following the completion of the transaction, the director now directly owns 332,500 shares in the company, valued at $7,670,775. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,466,594 shares of company stock worth $36,938,410. Corporate insiders own 6.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in Pulse Biosciences in the 2nd quarter valued at about $4,538,000. Vanguard Group Inc. lifted its holdings in Pulse Biosciences by 49.7% in the 2nd quarter. Vanguard Group Inc. now owns 267,810 shares of the company’s stock valued at $9,247,000 after purchasing an additional 88,902 shares in the last quarter. Northern Trust Corp lifted its holdings in Pulse Biosciences by 859.3% in the 2nd quarter. Northern Trust Corp now owns 97,554 shares of the company’s stock valued at $3,369,000 after purchasing an additional 87,385 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Pulse Biosciences by 21,473.2% during the 2nd quarter. Wells Fargo & Company MN now owns 53,933 shares of the company’s stock valued at $1,862,000 after acquiring an additional 53,683 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Pulse Biosciences by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 55,567 shares of the company’s stock valued at $1,034,000 after acquiring an additional 29,588 shares during the last quarter. Institutional investors and hedge funds own 9.35% of the company’s stock.

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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.

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