Aysegul Ildeniz Sells 16,189 Shares of Silver Spring Networks, Inc. (SSNI) Stock

Silver Spring Networks, Inc. (NYSE:SSNI) COO Aysegul Ildeniz sold 16,189 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $16.13, for a total value of $261,128.57. Following the transaction, the chief operating officer now owns 19,664 shares of the company’s stock, valued at $317,180.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Aysegul Ildeniz also recently made the following trade(s):

  • On Wednesday, November 22nd, Aysegul Ildeniz sold 15,000 shares of Silver Spring Networks stock. The shares were sold at an average price of $16.16, for a total value of $242,400.00.

Silver Spring Networks, Inc. (NYSE SSNI) traded down $0.04 on Monday, reaching $16.04. The company’s stock had a trading volume of 777,481 shares, compared to its average volume of 618,583. Silver Spring Networks, Inc. has a 52 week low of $9.68 and a 52 week high of $16.24.

A number of brokerages recently commented on SSNI. BidaskClub cut Silver Spring Networks from a “sell” rating to a “strong sell” rating in a report on Friday, November 10th. FBR & Co cut Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Friday, September 22nd. Raymond James Financial cut Silver Spring Networks from a “strong-buy” rating to a “mkt perform” rating in a report on Wednesday, September 20th. JMP Securities cut Silver Spring Networks to a “market perform” rating in a report on Tuesday, September 19th. Finally, Canaccord Genuity lifted their price objective on Silver Spring Networks from $11.50 to $16.25 and gave the company a “hold” rating in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.95.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in 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 worth $117,000 after buying an additional 1,005 shares during the period. Schwab Charles Investment Management Inc. increased its position in Silver Spring Networks by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 146,434 shares of the technology company’s stock worth $1,652,000 after buying an additional 1,296 shares during the period. American International Group Inc. increased its position in Silver Spring Networks by 7.1% during the first quarter. American International Group Inc. now owns 23,335 shares of the technology company’s stock worth $263,000 after buying an additional 1,543 shares during the period. Teachers Advisors LLC increased its position in Silver Spring Networks by 3.3% during the first quarter. Teachers Advisors LLC now owns 62,692 shares of the technology company’s stock worth $708,000 after buying an additional 2,012 shares during the period. Finally, Stifel Financial Corp increased its position in Silver Spring Networks by 19.3% during the second quarter. Stifel Financial Corp now owns 14,100 shares of the technology company’s stock worth $162,000 after buying an additional 2,285 shares during the period. 76.10% of the stock is currently owned by institutional investors.

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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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