Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 15,688 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $16.08, for a total transaction of $252,263.04. Following the completion of the transaction, the insider now directly owns 107,472 shares of the company’s stock, valued at approximately $1,728,149.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, October 5th, Raj Vaswani sold 14,273 shares of Silver Spring Networks stock. The shares were sold at an average price of $16.21, for a total transaction of $231,365.33.
  • On Friday, September 1st, Raj Vaswani sold 13,994 shares of Silver Spring Networks stock. The shares were sold at an average price of $12.60, for a total transaction of $176,324.40.
  • On Tuesday, September 5th, Raj Vaswani sold 14,272 shares of Silver Spring Networks stock. The shares were sold at an average price of $12.60, for a total transaction of $179,827.20.

Shares of Silver Spring Networks, Inc. (NYSE:SSNI) traded up $0.05 during trading hours on Friday, reaching $16.17. 1,042,887 shares of the company traded hands, compared to its average volume of 603,168. Silver Spring Networks, Inc. has a 12-month low of $9.68 and a 12-month high of $16.24.

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A number of large investors have recently made changes to their positions in SSNI. UBS Asset Management Americas Inc. raised its stake in Silver Spring Networks by 106.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 21,036 shares of the technology company’s stock worth $237,000 after acquiring an additional 10,836 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Silver Spring Networks by 291.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 64,674 shares of the technology company’s stock worth $730,000 after acquiring an additional 48,142 shares in the last quarter. American International Group Inc. raised its stake in Silver Spring Networks by 7.1% during the 1st quarter. American International Group Inc. now owns 23,335 shares of the technology company’s stock worth $263,000 after acquiring an additional 1,543 shares in the last quarter. Teachers Advisors LLC raised its stake in Silver Spring Networks by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 62,692 shares of the technology company’s stock worth $708,000 after acquiring an additional 2,012 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Silver Spring Networks by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 1,619,151 shares of the technology company’s stock worth $18,280,000 after acquiring an additional 155,130 shares in the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.

Several equities analysts have commented on the stock. Oppenheimer Holdings, Inc. set a $14.00 price target on shares of Silver Spring Networks and gave the company a “buy” rating in a research report on Wednesday, August 9th. Williams Capital raised their price target on shares of Silver Spring Networks from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Canaccord Genuity lifted 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 report on Monday, August 14th. Guggenheim cut shares of Silver Spring Networks from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $13.00 to $16.00 in a research report on Monday, September 18th. Finally, FBR & Co cut shares of Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Silver Spring Networks currently has an average rating of “Hold” and a consensus target price of $14.95.

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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