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 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.

ILLEGAL ACTIVITY WARNING: This news story was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/04/21/asante-solutions-inc-pump-major-shareholder-sells-154436548-00-in-stock-updated-updated.html.

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.

5 Day Chart for NASDAQ:PUMP

Receive News & Ratings for Asante Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asante Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply