Guess Who Picked Up Polarityte Inc. (NASDAQ:COOL) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Polarityte Inc. (NASDAQ:COOL) reported that Honig Barry C has picked up 465,738 of common stock as of 2017-03-02.
The acquisition brings the aggregate amount owned by Honig Barry C to a total of 465,738 representing a 10.73% stake in the company.
For those not familiar with the company, 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. The Company’s PolarityTE platform simplifies regeneration and allows cells to function naturally. The platform can be applied across all cells, tissues and composite structures. The Company focuses on various products, including SkinTE, OsteoTE, AngioTE, MyoTE, CartTE, AdiposeTE and NeuralTE. The Company, through SkinTE, is focused on supplying an autologous construct to regenerate a patient’s skin due to a variety of injuries and conditions.
A glance at Polarityte Inc. (NASDAQ:COOL)’s key stats reveals a current market capitalization of 26.89 million based on 4.25 Million shares outstanding and a price at last close of $6.17 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-24, Elliott picked up 2,500 at a purchase price of $7.71. This brings their total holding to 324,648 as of the date of the filing.
On the sell side, the most recent transaction saw Aronson unload 2,500 shares at a sale price of $1.21. This brings their total holding to 60,919.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Polarityte Inc. (NASDAQ:COOL) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.