Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 14,273 shares of Silver Spring Networks stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $16.21, for a total transaction of $231,365.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, September 1st, Raj Vaswani sold 13,994 shares of Silver Spring Networks stock. The stock was 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 stock was sold at an average price of $12.60, for a total transaction of $179,827.20.
  • On Wednesday, August 16th, Raj Vaswani sold 15,229 shares of Silver Spring Networks stock. The stock was sold at an average price of $12.89, for a total transaction of $196,301.81.
  • On Thursday, August 17th, Raj Vaswani sold 15,687 shares of Silver Spring Networks stock. The stock was 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 stock was sold at an average price of $12.97, for a total transaction of $124,654.67.

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 the Zacks’ consensus estimate of ($0.07) by $0.41. The firm had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $69.10 million. During the same period last year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 114.6% on a year-over-year basis.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Delta Lloyd Asset Management N.V. purchased a new stake in Silver Spring Networks during the second quarter worth $3,158,000. Ameriprise Financial Inc. boosted its holdings in Silver Spring Networks by 16.3% during 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 in the last quarter. First Trust Advisors LP boosted its holdings in Silver Spring Networks by 9.1% during the second quarter. First Trust Advisors LP now owns 118,233 shares of the technology company’s stock worth $1,334,000 after buying an additional 9,855 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Silver Spring Networks by 7.3% during the second quarter. Neuberger Berman Group LLC now owns 2,892,353 shares of the technology company’s stock worth $32,626,000 after buying an additional 197,957 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Silver Spring Networks by 231.3% during the first quarter. Goldman Sachs Group Inc. now owns 70,302 shares of the technology company’s stock worth $794,000 after buying an additional 49,080 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on SSNI. FBR & Co cut shares of Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Friday, September 22nd. BidaskClub upgraded shares of Silver Spring Networks from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. JMP Securities cut shares of Silver Spring Networks to a “market perform” rating in a research note on Tuesday, September 19th. Raymond James Financial, Inc. cut shares of Silver Spring Networks from a “strong-buy” rating to a “mkt perform” rating in a research note on Wednesday, September 20th. Finally, ValuEngine upgraded shares of Silver Spring Networks from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average 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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