Silver Spring Networks, Inc. (NYSE:SSNI) EVP Philippe Gaglione sold 24,518 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $16.12, for a total value of $395,230.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Silver Spring Networks, Inc. (NYSE:SSNI) traded down $0.01 during trading hours on Tuesday, reaching $16.11. The company had a trading volume of 813,800 shares, compared to its average volume of 600,252. Silver Spring Networks, Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $16.24.

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Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in shares of 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 valued at $117,000 after purchasing an additional 1,005 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Silver Spring Networks during the second quarter valued at about $117,000. Stifel Financial Corp boosted its stake in shares of Silver Spring Networks by 19.3% during the second quarter. Stifel Financial Corp now owns 14,100 shares of the technology company’s stock valued at $162,000 after purchasing an additional 2,285 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Silver Spring Networks during the third quarter valued at about $162,000. Finally, Trexquant Investment LP acquired a new stake in shares of Silver Spring Networks during the second quarter valued at about $171,000. 78.52% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on SSNI. FBR & Co reiterated a “buy” rating on shares of Silver Spring Networks in a research report on Monday, September 11th. BidaskClub cut Silver Spring Networks from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Robert W. Baird reiterated a “neutral” rating and set a $11.00 price objective (up previously from $9.00) on shares of Silver Spring Networks in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $14.00 price objective on shares of Silver Spring Networks in a research report on Monday, September 18th. Finally, JMP Securities cut Silver Spring Networks to a “market perform” rating in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Silver Spring Networks has a consensus rating of “Hold” and a consensus target price of $14.95.

Silver Spring Networks Company Profile

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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