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Equity Actions

HCI

HCI Group, Inc. (NYSE:HCI) has filed a universal shelf registration statement on Form S-3 with the United States Securities and Exchange Commission, replacing an expired one. This will provide HCI the flexibility to publicly offer and sell various securities in the future. However, HCI has no immediate plans to offer or sell any securities under the shelf registration statement to the public.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:22 pm

URGN

UroGen Pharma Ltd has filed for an offering of up to 12.6 million shares of common stock by the selling shareholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:19 pm

ISUN

iSun Inc has filed for an offering of up to 10.96 million shares of common stock by the selling stockholders. The news was reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:13 pm

REKR

Rekor Systems Inc has filed for an offering of 2.85 million shares of common stock by the selling stockholder, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:10 pm

AMK

AssetMark Financial Holdings, Inc. (NYSE:AMK) has announced that Michael Kim will be the company's new CEO, effective immediately. Kim, a veteran of the firm with over 25 years of industry experience, will also join the AssetMark Board of Directors. The announcement comes as Natalie Wolfsen departs the company. Kim's previous roles include President and Chief Client Officer at AssetMark and executive at Fidelity Investments.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:01 pm

ARQQ

Arqit Quantum's shares are trading lower following the announcement of a registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:55 pm

GROM

Grom Social has priced a $3 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:53 pm

JD

Benzinga's options scanner detected over 10 options trades for JD.com (NASDAQ:JD) totaling $463,589. Whales have been targeting a price range from $30.0 to $50.0 for JD.com over the last 3 months. The price of JD is up 0.09% at $32.37. JP Morgan, Susquehanna, B of A Securities, Loop Capital, and Citigroup have all maintained their ratings on JD.com with price targets ranging from $38 to $64.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:30 pm

AMZN

GOOG

GOOGL

Mizuho analyst James Lee predicts that Gen-AI trends will accelerate cloud migration, benefiting Amazon and Alphabet. He expects the migration cycle to accelerate from 10 years to 5 years, increasing from 15%-20% currently to 75%. Lee maintains AWS as his top pick with a price target of $180 and a buy on Alphabet with a price target of $155.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 7:26 pm

EVGO

RBC Capital Markets analyst Chris Dendrinos initiated coverage on EVgo Inc with a Sector Perform rating and a price target of $5. Dendrinos believes EVgo's strategy positions it to benefit from trends in vehicle electrification and demand for charging infrastructure. However, he is concerned that price competition and regulatory credits could impact margins and returns. He estimates revenue and adjusted EPS loss of $134.5 million and $(0.47) in FY23, $244.5 million and $(0.38) in FY24 and $331.5 million and $(0.27) in FY25.

Portfolio Pulse from Lekha Gupta

September 08, 2023 | 7:23 pm