Polarityte Inc (NASDAQ:COOL) major shareholder Barry C. Honig sold 1,400 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $17.88, for a total value of $25,032.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Polarityte Inc (NASDAQ COOL) traded down $1.00 on Wednesday, hitting $17.50. The stock had a trading volume of 189,099 shares, compared to its average volume of 131,318. Polarityte Inc has a 1 year low of $7.40 and a 1 year high of $32.63.
COOL has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Polarityte in a research report on Wednesday, February 14th. They set an “overweight” rating and a $70.00 price target on the stock. ValuEngine upgraded Polarityte from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Polarityte by 41.3% in the second quarter. Wells Fargo & Company MN now owns 5,650 shares of the company’s stock worth $131,000 after buying an additional 1,650 shares during the period. Ardsley Advisory Partners purchased a new position in shares of Polarityte in the fourth quarter worth about $327,000. Advisor Group Inc. increased its holdings in shares of Polarityte by 133.6% in the fourth quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock worth $1,141,000 after buying an additional 28,130 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Polarityte in the fourth quarter worth about $1,507,000. Finally, Millennium Management LLC purchased a new position in shares of Polarityte in the fourth quarter worth about $3,057,000. Hedge funds and other institutional investors own 10.94% of the company’s stock.
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Polarityte Company Profile
PolarityTE, Inc, formerly Majesco Entertainment Company, is the owner of patent applications and know-how related to regenerative medicine and tissue engineering, as well as software applications used in diagnosis and treatment related to regenerative medicine. The Company seeks to develop and obtain regulatory approval for technology that will utilize a patient’s own tissue substrates for the regeneration of skin, bone, muscle, cartilage, fat, blood vessels and nerves.
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