Insider Selling: Silver Spring Networks, Inc. (SSNI) Insider Sells $229,367.11 in Stock

Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 14,273 shares of Silver Spring Networks stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $16.07, for a total transaction of $229,367.11. Following the sale, the insider now owns 106,057 shares in the company, valued at $1,704,335.99. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Raj Vaswani also recently made the following trade(s):

  • On Thursday, November 16th, Raj Vaswani sold 15,688 shares of Silver Spring Networks stock. The stock was sold at an average price of $16.08, for a total transaction of $252,263.04.
  • On Thursday, October 5th, Raj Vaswani sold 14,273 shares of Silver Spring Networks stock. The stock was sold at an average price of $16.21, for a total transaction of $231,365.33.

Silver Spring Networks, Inc. (NYSE SSNI) opened at $16.22 on Friday. Silver Spring Networks, Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $16.24.

SSNI has been the topic of several recent research reports. Cowen reiterated an “outperform” rating and set a $16.00 target price (down from $17.00) on shares of Silver Spring Networks in a research report on Thursday, August 10th. Canaccord Genuity raised their price target on shares of Silver Spring Networks from $10.50 to $11.50 and gave the stock a “hold” rating in a report on Monday, August 14th. Robert W. Baird restated a “neutral” rating and set a $11.00 price target (up previously from $9.00) on shares of Silver Spring Networks in a report on Friday, September 8th. FBR & Co restated a “buy” rating on shares of Silver Spring Networks in a report on Monday, September 11th. Finally, Guggenheim lowered shares of Silver Spring Networks from a “buy” rating to a “neutral” rating and raised their price target for the stock from $13.00 to $16.00 in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Silver Spring Networks has a consensus rating of “Hold” and a consensus price target of $14.95.

A number of institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC increased its stake in shares of Silver Spring Networks by 7.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,892,353 shares of the technology company’s stock valued at $32,626,000 after acquiring an additional 197,957 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Silver Spring Networks in the 3rd quarter valued at $31,789,000. Vanguard Group Inc. increased its stake in shares of Silver Spring Networks by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,742,571 shares of the technology company’s stock valued at $19,656,000 after acquiring an additional 123,420 shares in the last quarter. Trigran Investments Inc. increased its stake in shares of Silver Spring Networks by 2.5% in the 3rd quarter. Trigran Investments Inc. now owns 1,491,592 shares of the technology company’s stock valued at $24,119,000 after acquiring an additional 36,206 shares in the last quarter. Finally, Ardsley Advisory Partners increased its stake in shares of Silver Spring Networks by 232.6% in the 2nd quarter. Ardsley Advisory Partners now owns 1,264,000 shares of the technology company’s stock valued at $14,264,000 after acquiring an additional 884,000 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Silver Spring Networks, Inc. (SSNI) Insider Sells $229,367.11 in Stock” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/12/08/insider-selling-silver-spring-networks-inc-ssni-insider-sells-229367-11-in-stock.html.

About Silver Spring Networks

Silver Spring Networks, Inc is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.

Insider Buying and Selling by Quarter for Silver Spring Networks (NYSE:SSNI)

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

Leave a Reply