Aysegul Ildeniz Sells 15,000 Shares of Silver Spring Networks, Inc. (SSNI) Stock

Silver Spring Networks, Inc. (NYSE:SSNI) COO Aysegul Ildeniz sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $16.16, for a total transaction of $242,400.00. Following the completion of the sale, the chief operating officer now directly owns 11,277 shares in the company, valued at $182,236.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, November 17th, Aysegul Ildeniz sold 16,189 shares of Silver Spring Networks stock. The stock was sold at an average price of $16.13, for a total transaction of $261,128.57.

Shares of Silver Spring Networks, Inc. (SSNI) traded down $0.02 during mid-day trading on Friday, reaching $16.17. 541,667 shares of the company traded hands, compared to its average volume of 610,363. Silver Spring Networks, Inc. has a one year low of $9.68 and a one year high of $16.24.

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Several analysts recently commented on SSNI shares. Oppenheimer Holdings, Inc. set a $14.00 price objective on shares of Silver Spring Networks and gave the company a “buy” rating in a research report on Wednesday, August 9th. Williams Capital increased their price objective 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. Cowen Inc reissued an “outperform” rating and set a $16.00 price objective (down from $17.00) on shares of Silver Spring Networks in a research report on Thursday, August 10th. Canaccord Genuity increased their price objective on shares of Silver Spring Networks from $10.50 to $11.50 and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, Robert W. Baird reissued a “neutral” rating and set a $11.00 price objective (up from $9.00) on shares of Silver Spring Networks in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.95.

A number of hedge funds have recently made changes to their positions in SSNI. Legal & General Group Plc boosted its holdings in shares of Silver Spring Networks by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 10,329 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,005 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Silver Spring Networks during the 2nd quarter valued at about $117,000. Stifel Financial Corp boosted its holdings in shares of Silver Spring Networks by 19.3% during the 2nd quarter. Stifel Financial Corp now owns 14,100 shares of the technology company’s stock valued at $162,000 after acquiring an additional 2,285 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Silver Spring Networks during the 3rd quarter valued at about $162,000. Finally, Trexquant Investment LP purchased a new stake in shares of Silver Spring Networks during the 2nd quarter valued at about $171,000. 84.50% of the stock is currently owned by institutional investors.

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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