Asante Solutions Inc (PUMP) Major Shareholder Sells $154,436,548.00 in Stock

Asante Solutions Inc (NASDAQ:PUMP) major shareholder Energy Capital Partners Ii, Ll sold 11,031,182 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $14.00, for a total transaction of $154,436,548.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Energy Capital Partners Ii, Ll also recently made the following trade(s):

  • On Tuesday, March 28th, Energy Capital Partners Ii, Ll sold 2,771,557 shares of Asante Solutions stock. The shares were sold at an average price of $14.00, for a total transaction of $38,801,798.00.

Shares of Asante Solutions Inc (NASDAQ:PUMP) traded down 1.24% during midday trading on Friday, hitting $13.49. 1,047,974 shares of the stock traded hands. Asante Solutions Inc has a 52 week low of $12.26 and a 52 week high of $15.30. The firm’s market capitalization is $709.94 million. The company’s 50-day moving average is $13.81 and its 200 day moving average is $13.81.

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Several equities analysts recently weighed in on PUMP shares. Royal Bank of Canada began coverage on shares of Asante Solutions in a research report on Tuesday, April 11th. They issued an “outperform” rating and a $21.00 price target on the stock. Goldman Sachs Group Inc began coverage on shares of Asante Solutions in a research note on Tuesday, April 11th. They issued a “buy” rating for the company. Barclays PLC began coverage on shares of Asante Solutions in a research note on Tuesday, April 11th. They issued an “overweight” rating and a $18.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Asante Solutions in a research note on Tuesday, April 11th. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, Piper Jaffray Companies initiated coverage on shares of Asante Solutions in a research note on Tuesday, April 11th. They issued an “overweight” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. Asante Solutions currently has a consensus rating of “Buy” and a consensus target price of $18.89.

Asante Solutions Company Profile

Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.

5 Day Chart for NASDAQ:PUMP

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