Insider Selling: Silver Spring Networks, Inc. (SSNI) COO Sells $242,400.00 in Stock
Silver Spring Networks, Inc. (NYSE:SSNI) COO Aysegul Ildeniz sold 15,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $16.16, for a total transaction of $242,400.00. Following the transaction, the chief operating officer now directly owns 11,277 shares in the company, valued at $182,236.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Aysegul Ildeniz also recently made the following trade(s):
- On Friday, November 17th, Aysegul Ildeniz sold 16,189 shares of Silver Spring Networks stock. The stock was sold at an average price of $16.13, for a total transaction of $261,128.57.
Silver Spring Networks, Inc. (SSNI) opened at $16.17 on Friday. Silver Spring Networks, Inc. has a one year low of $9.68 and a one year high of $16.24.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in Silver Spring Networks by 10.8% during the second quarter. Legal & General Group Plc now owns 10,329 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,005 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Silver Spring Networks in the second quarter valued at approximately $117,000. Stifel Financial Corp raised its stake in shares of Silver Spring Networks by 19.3% in the second quarter. Stifel Financial Corp now owns 14,100 shares of the technology company’s stock valued at $162,000 after acquiring an additional 2,285 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Silver Spring Networks in the third quarter valued at approximately $162,000. Finally, Trexquant Investment LP bought a new position in shares of Silver Spring Networks in the second quarter valued at approximately $171,000. Hedge funds and other institutional investors own 84.50% of the company’s stock.
Several equities analysts have commented on the stock. JMP Securities downgraded shares of Silver Spring Networks to a “market perform” rating in a research report on Tuesday, September 19th. Raymond James Financial, Inc. downgraded Silver Spring Networks from a “strong-buy” rating to a “mkt perform” rating in a research report on Wednesday, September 20th. Williams Capital raised their price target on Silver Spring Networks from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. ValuEngine raised Silver Spring Networks from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, BidaskClub downgraded Silver Spring Networks from a “sell” rating to a “strong sell” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. Silver Spring Networks presently has a consensus rating of “Hold” and a consensus price target of $14.95.
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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.
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