Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 14,273 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $16.07, for a total transaction of $229,367.11. Following the transaction, the insider now directly owns 106,057 shares in the company, valued at approximately $1,704,335.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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) traded up $0.20 during trading on Tuesday, hitting $16.24. 2,101,435 shares of the stock traded hands, compared to its average volume of 624,919. Silver Spring Networks, Inc. has a twelve month low of $9.68 and a twelve month high of $16.24.

SSNI has been the topic of several research analyst reports. Cowen reaffirmed a “buy” rating and set a $16.00 price target on shares of Silver Spring Networks in a research report on Tuesday, September 12th. FBR & Co reiterated a “buy” rating on shares of Silver Spring Networks in a research note on Monday, September 11th. Oppenheimer reiterated a “buy” rating and set a $14.00 price objective on shares of Silver Spring Networks in a research note on Monday, September 18th. Williams Capital increased their price objective on shares of Silver Spring Networks from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Canaccord Genuity increased their price objective on shares of Silver Spring Networks from $10.50 to $11.50 and gave the stock a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Silver Spring Networks presently has a consensus rating of “Hold” and a consensus target price of $14.95.

Several institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its holdings in Silver Spring Networks by 7.3% during the second quarter. Neuberger Berman Group LLC now owns 2,892,353 shares of the technology company’s stock worth $32,626,000 after buying an additional 197,957 shares in the last quarter. Magnetar Financial LLC bought a new stake in Silver Spring Networks during the third quarter worth approximately $31,789,000. Vanguard Group Inc. boosted its holdings in Silver Spring Networks by 7.6% during the second quarter. Vanguard Group Inc. now owns 1,742,571 shares of the technology company’s stock worth $19,656,000 after buying an additional 123,420 shares in the last quarter. Trigran Investments Inc. boosted its holdings in Silver Spring Networks by 2.5% during the third quarter. Trigran Investments Inc. now owns 1,491,592 shares of the technology company’s stock worth $24,119,000 after buying an additional 36,206 shares in the last quarter. Finally, Ardsley Advisory Partners boosted its holdings in Silver Spring Networks by 232.6% during the second quarter. Ardsley Advisory Partners now owns 1,264,000 shares of the technology company’s stock worth $14,264,000 after buying an additional 884,000 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

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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.

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

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