Pulmonx Co. (NASDAQ:LUNG – Get Free Report) Director Glendon E. French III sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $8.09, for a total transaction of $161,800.00. Following the sale, the director now owns 1,111,974 shares in the company, valued at $8,995,869.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Pulmonx Stock Up 2.7 %
NASDAQ:LUNG traded up $0.22 during midday trading on Wednesday, hitting $8.40. 418,701 shares of the company were exchanged, compared to its average volume of 433,694. Pulmonx Co. has a fifty-two week low of $5.46 and a fifty-two week high of $14.84. The company has a market capitalization of $326.05 million, a PE ratio of -5.40 and a beta of 0.63. The company has a current ratio of 8.97, a quick ratio of 7.92 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $7.14 and a 200 day simple moving average of $7.61.
Pulmonx (NASDAQ:LUNG – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.02. The business had revenue of $20.78 million during the quarter, compared to the consensus estimate of $20.23 million. Pulmonx had a negative return on equity of 50.79% and a negative net margin of 75.56%. As a group, equities analysts anticipate that Pulmonx Co. will post -1.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Research Report on Pulmonx
Hedge Funds Weigh In On Pulmonx
A number of hedge funds have recently modified their holdings of LUNG. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Pulmonx during the 2nd quarter worth $37,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Pulmonx by 609.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,516 shares of the company’s stock valued at $79,000 after buying an additional 7,316 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Pulmonx during the second quarter worth about $93,000. Quest Partners LLC purchased a new position in shares of Pulmonx during the fourth quarter worth about $94,000. Finally, EntryPoint Capital LLC acquired a new position in Pulmonx in the 1st quarter valued at about $102,000. 91.04% of the stock is currently owned by hedge funds and other institutional investors.
Pulmonx Company Profile
Pulmonx Corporation, a commercial-stage medical technology company, provides minimally invasive devices for the treatment of chronic obstructive pulmonary diseases. The company offers Zephyr Endobronchial Valve, a solution for the treatment of patients with hyperinflation associated with severe emphysema; and Chartis Pulmonary Assessment System, a balloon catheter and console system with flow and pressure sensors that are used to assess the presence of collateral ventilation.
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