Pulse Biosciences (PLSE) Downgraded to “Sell” at BidaskClub

Pulse Biosciences (NASDAQ:PLSE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday, January 4th.

Separately, ValuEngine upgraded shares of Pulse Biosciences from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Pulse Biosciences (NASDAQ:PLSE) opened at $24.22 on Thursday. Pulse Biosciences has a twelve month low of $5.82 and a twelve month high of $39.50. The stock has a market cap of $395.79 and a PE ratio of -17.30.

Pulse Biosciences (NASDAQ:PLSE) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.52) EPS for the quarter.

In other news, Director Maky Zanganeh purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $23.07 per share, for a total transaction of $92,280.00. Following the acquisition, the director now directly owns 332,500 shares of the company’s stock, valued at approximately $7,670,775. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Robert W. Duggan purchased 22,901 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were purchased at an average price of $22.79 per share, with a total value of $521,913.79. Following the completion of the acquisition, the insider now directly owns 5,820,513 shares in the company, valued at $132,649,491.27. The disclosure for this purchase can be found here. Insiders own 6.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new stake in shares of Pulse Biosciences in the 2nd quarter worth about $177,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Pulse Biosciences in the 2nd quarter worth about $250,000. Wells Fargo & Company MN grew its position in shares of Pulse Biosciences by 13.8% in the 3rd quarter. Wells Fargo & Company MN now owns 61,398 shares of the company’s stock worth $1,143,000 after buying an additional 7,465 shares during the period. California Public Employees Retirement System purchased a new stake in shares of Pulse Biosciences in the 2nd quarter worth about $297,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Pulse Biosciences in the 2nd quarter worth about $310,000. Institutional investors and hedge funds own 9.30% 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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