Pulse Biosciences, Inc. (NASDAQ:PLSE) Director Acquires $65,249,319.87 in Stock

Pulse Biosciences, Inc. (NASDAQ:PLSE – Get Rating) Director Robert W. Duggan acquired 10,022,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of $6.51 per share, for a total transaction of $65,249,319.87. Following the acquisition, the director now directly owns 30,414,661 shares of the company’s stock, valued at approximately $197,999,443.11. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Pulse Biosciences Stock Down 8.3 %

Shares of PLSE stock opened at $7.61 on Friday. The stock has a market cap of $286.06 million, a P/E ratio of -4.32 and a beta of 1.13. Pulse Biosciences, Inc. has a one year low of $1.18 and a one year high of $9.69. The stock has a fifty day moving average price of $4.74 and a 200 day moving average price of $3.36. The company has a debt-to-equity ratio of 10.50, a current ratio of 10.39 and a quick ratio of 10.39.

Pulse Biosciences (NASDAQ:PLSE – Get Rating) last released its quarterly earnings data on Thursday, March 30th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of ($0.01) million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Pulse Biosciences to a “sell” rating in a research report on Tuesday, April 4th.

Institutional Trading of Pulse Biosciences

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of Pulse Biosciences during the 2nd quarter valued at about $184,000. Griffin Asset Management Inc. boosted its stake in Pulse Biosciences by 104.9% in the 4th quarter. Griffin Asset Management Inc. now owns 175,893 shares of the company’s stock valued at $487,000 after purchasing an additional 90,059 shares during the period. Renaissance Technologies LLC bought a new stake in Pulse Biosciences in the 1st quarter valued at $378,000. Spotlight Asset Group Inc. bought a new stake in shares of Pulse Biosciences during the 3rd quarter valued at $147,000. Finally, Occudo Quantitative Strategies LP lifted its position in shares of Pulse Biosciences by 217.3% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 58,383 shares of the company’s stock worth $54,000 after buying an additional 39,981 shares during the last quarter. 6.56% of the stock is currently owned by institutional investors and hedge funds.

About Pulse Biosciences

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Pulse Biosciences, Inc operates as an immuno-oncology company developing a proprietary oncolytic electroceutical therapy based on its Nano Pulse Stimulation (NPS) technology. It manufactures surgical and medical instruments uses a novel and proprietary platform technology called Nano-Pulse Electro-Signaling.