Asante Solutions Inc (NASDAQ:PUMP) major shareholder Energy Capital Partners Ii, Ll sold 11,031,182 shares of the company’s stock in a transaction on Wednesday, March 22nd. The stock was 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 SEC, which is accessible through the SEC website. Large shareholders that own more than 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 stock was sold at an average price of $14.00, for a total transaction of $38,801,798.00.
Asante Solutions Inc (NASDAQ:PUMP) traded down 1.24% during trading on Friday, reaching $13.49. 1,047,974 shares of the company’s stock traded hands. Asante Solutions Inc has a one year low of $12.26 and a one year high of $15.30. The firm’s market capitalization is $709.94 million. The company has a 50-day moving average price of $13.81 and a 200 day moving average price of $13.81.
A number of brokerages recently weighed in on PUMP. Instinet restated a “buy” rating and set a $19.00 target price on shares of Asante Solutions in a research report on Wednesday. Nomura began coverage on shares of Asante Solutions in a research report on Wednesday. They set a “buy” rating and a $19.00 target price for the company. Tudor Pickering assumed coverage on shares of Asante Solutions in a research report on Monday. They set a “buy” rating for the company. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Asante Solutions in a research report on Friday, April 14th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Asante Solutions in a research report on Tuesday, April 11th. They set a “strong-buy” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock 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.
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