Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 15,229 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $12.89, for a total transaction of $196,301.81. Following the completion of the sale, the insider now owns 648,724 shares of the company’s stock, valued at approximately $8,362,052.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, August 17th, Raj Vaswani sold 15,687 shares of Silver Spring Networks stock. The shares were sold at an average price of $12.89, for a total transaction of $202,205.43.
  • On Monday, August 14th, Raj Vaswani sold 9,611 shares of Silver Spring Networks stock. The shares were sold at an average price of $12.97, for a total transaction of $124,654.67.
  • On Monday, July 10th, Raj Vaswani sold 14,272 shares of Silver Spring Networks stock. The shares were sold at an average price of $10.48, for a total transaction of $149,570.56.
  • 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.

Silver Spring Networks, Inc. (NYSE SSNI) traded down 0.16% during trading on Friday, reaching $12.68. 260,865 shares of the company’s stock traded hands. Silver Spring Networks, Inc. has a 52-week low of $9.68 and a 52-week high of $15.40. The company’s 50 day moving average is $11.40 and its 200-day moving average is $11.31. The stock’s market cap is $679.20 million.

Silver Spring Networks (NYSE:SSNI) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.41. The firm had revenue of $261.60 million during the quarter, compared to analysts’ expectations of $69.10 million. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 114.6% compared to the same quarter last year. On average, analysts anticipate that Silver Spring Networks, Inc. will post $0.01 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Silver Spring Networks by 16.3% in the first quarter. Ameriprise Financial Inc. now owns 381,629 shares of the technology company’s stock worth $4,309,000 after buying an additional 53,430 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Silver Spring Networks during the first quarter worth about $1,313,000. Teachers Advisors LLC increased its stake in shares of Silver Spring Networks by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 60,680 shares of the technology company’s stock worth $808,000 after buying an additional 1,380 shares during the last quarter. American International Group Inc. increased its stake in shares of 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 worth $263,000 after buying an additional 1,543 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Silver Spring Networks by 12.2% in the first quarter. Russell Investments Group Ltd. now owns 34,900 shares of the technology company’s stock worth $394,000 after buying an additional 3,800 shares during the last quarter. 75.73% of the stock is currently owned by hedge funds and other institutional investors.

SSNI has been the subject of a number of research reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $14.00 target price (down previously from $17.00) on shares of Silver Spring Networks in a research note on Friday, May 12th. Benchmark Co. initiated coverage on shares of Silver Spring Networks in a research note on Tuesday, April 25th. They set a “hold” rating for the company. Cowen and Company set a $17.00 target price on shares of Silver Spring Networks and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Silver Spring Networks in a research note on Wednesday, June 28th. Finally, Guggenheim initiated coverage on shares of Silver Spring Networks in a research note on Tuesday, June 20th. They set a “buy” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Silver Spring Networks presently has an average rating of “Hold” and an average target price of $14.05.

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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