Asante Solutions Inc (NASDAQ:PUMP) major shareholder Energy Capital Partners Ii, Ll sold 11,031,182 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $14.00, for a total value of $154,436,548.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares 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 value of $38,801,798.00.
Shares of Asante Solutions Inc (NASDAQ:PUMP) traded down 1.061% during midday trading on Friday, hitting $13.515. The company’s stock had a trading volume of 1,061,765 shares. Asante Solutions Inc has a 12-month low of $12.26 and a 12-month high of $15.30. The firm’s market cap is $711.25 million. The firm has a 50-day moving average of $13.81 and a 200 day moving average of $13.81.
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PUMP has been the subject of a number of recent analyst reports. Instinet restated a “buy” rating and set a $19.00 price objective on shares of Asante Solutions in a report on Wednesday. Nomura initiated coverage on Asante Solutions in a report on Wednesday. They issued a “buy” rating and a $19.00 target price for the company. Tudor Pickering initiated coverage on Asante Solutions in a report on Monday. They issued a “buy” rating for the company. Goldman Sachs Group Inc initiated coverage on Asante Solutions in a report on Tuesday, April 11th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada initiated coverage on Asante Solutions in a report on Tuesday, April 11th. They issued an “outperform” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average 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.
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