Silver Spring Networks, Inc. (NYSE:SSNI) COO Aysegul Ildeniz Sells 16,189 Shares

Silver Spring Networks, Inc. (NYSE:SSNI) COO Aysegul Ildeniz sold 16,189 shares of the stock in a transaction dated Friday, November 17th. The stock was 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 in the company, valued at $317,180.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $16.16, for a total value of $242,400.00.

Shares of Silver Spring Networks, Inc. (NYSE:SSNI) opened at $16.08 on Monday. Silver Spring Networks, Inc. has a 12 month low of $9.68 and a 12 month high of $16.24.

A number of equities analysts have recently commented on the company. Oppenheimer set a $14.00 price objective on Silver Spring Networks and gave the stock a “buy” rating in a report on Wednesday, August 9th. Williams Capital raised their price objective on Silver Spring Networks from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Canaccord Genuity raised their price objective on Silver Spring Networks from $10.50 to $11.50 and gave the stock a “hold” rating in a report on Monday, August 14th. Guggenheim downgraded Silver Spring Networks from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $13.00 to $16.00 in a report on Monday, September 18th. Finally, FBR & Co lowered Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.95.

A number of hedge funds and other institutional investors have recently modified their holdings of SSNI. Legal & General Group Plc grew its stake in 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 purchasing an additional 1,005 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Silver Spring Networks during the 2nd quarter valued at approximately $117,000. Stifel Financial Corp grew its stake in 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 purchasing an additional 2,285 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in Silver Spring Networks during the 3rd quarter valued at approximately $162,000. Finally, Trexquant Investment LP acquired a new stake in Silver Spring Networks during the 2nd quarter valued at approximately $171,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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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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