Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 14,272 shares of Silver Spring Networks stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $10.48, for a total transaction of $149,570.56. Following the transaction, the insider now directly owns 596,393 shares in the company, valued at $6,250,198.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, June 8th, Raj Vaswani sold 20,364 shares of Silver Spring Networks stock. The shares were sold at an average price of $10.30, for a total transaction of $209,749.20.
  • On Wednesday, May 17th, Raj Vaswani sold 29,826 shares of Silver Spring Networks stock. The shares were sold at an average price of $9.87, for a total transaction of $294,382.62.

Shares of Silver Spring Networks, Inc. (NYSE:SSNI) traded down 0.19% during mid-day trading on Tuesday, hitting $10.49. 306,465 shares of the company were exchanged. The stock’s market cap is $557.77 million. The stock’s 50-day moving average price is $10.47 and its 200 day moving average price is $11.74. Silver Spring Networks, Inc. has a 12-month low of $9.68 and a 12-month high of $15.40.

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Several large investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in Silver Spring Networks by 403.2% in the first quarter. Global X Management Co. LLC now owns 15,810 shares of the technology company’s stock valued at $178,000 after buying an additional 12,668 shares in the last quarter. US Bancorp DE boosted its stake in Silver Spring Networks by 46.7% in the first quarter. US Bancorp DE now owns 19,576 shares of the technology company’s stock valued at $221,000 after buying an additional 6,235 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Silver Spring Networks by 106.2% in the first quarter. UBS Asset Management Americas Inc. now owns 21,036 shares of the technology company’s stock valued at $237,000 after buying an additional 10,836 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Silver Spring Networks during the fourth quarter valued at $257,000. Finally, American International Group Inc. boosted its stake in Silver Spring Networks by 7.1% in the first quarter. American International Group Inc. now owns 23,335 shares of the technology company’s stock valued at $263,000 after buying an additional 1,543 shares in the last quarter. 76.30% of the stock is owned by institutional investors.

SSNI has been the topic of a number of recent research reports. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Silver Spring Networks in a research report on Wednesday, June 28th. Guggenheim initiated coverage on shares of Silver Spring Networks in a research report on Tuesday, June 20th. They set a “buy” rating and a $13.00 target price on the stock. Zacks Investment Research cut shares of Silver Spring Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Benchmark Co. initiated coverage on shares of Silver Spring Networks in a research report on Tuesday, April 25th. They set a “hold” rating on the stock. Finally, Robert W. Baird reissued a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of Silver Spring Networks in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.42.

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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