Silver Spring Networks EVP Daniel J. Middleton Sells 1,500 Shares (SSNI)
Silver Spring Networks (NASDAQ:SSNI) EVP Daniel J. Middleton sold 1,500 shares of Silver Spring Networks stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.36, for a total value of $26,040.00. Following the completion of the sale, the executive vice president now directly owns 30,102 shares of the company’s stock, valued at approximately $522,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on SSNI shares. Analysts at Zacks downgraded shares of Silver Spring Networks from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $16.20 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Silver Spring Networks from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 17th. They now have a $23.00 price target on the stock, down previously from $26.00. Finally, analysts at Stifel Nicolaus cut their price target on shares of Silver Spring Networks from $30.00 to $25.00 in a research note to investors on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Silver Spring Networks has a consensus rating of “Hold” and an average price target of $20.58.
Silver Spring Networks (NASDAQ:SSNI) traded down 4.06% on Thursday, hitting $16.31. 701,234 shares of the company’s stock traded hands. Silver Spring Networks has a 52-week low of $14.63 and a 52-week high of $33.82. The stock’s 50-day moving average is $20.64 and its 200-day moving average is $20.8. The company’s market cap is $768.7 million.
Silver Spring Networks, Inc, provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.