Silver Spring Networks, Inc. (NYSE:SSNI) insider Theresa Stynes sold 46,886 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $16.11, for a total value of $755,333.46. Following the completion of the transaction, the insider now directly owns 23,749 shares in the company, valued at $382,596.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Silver Spring Networks, Inc. (NYSE SSNI) opened at $16.10 on Thursday. Silver Spring Networks, Inc. has a 52-week low of $9.68 and a 52-week high of $16.24.

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Several hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its holdings 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 worth $117,000 after acquiring an additional 1,005 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Silver Spring Networks by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 146,434 shares of the technology company’s stock valued at $1,652,000 after purchasing an additional 1,296 shares during the last quarter. American International Group Inc. raised its position in Silver Spring Networks by 7.1% in the 1st quarter. American International Group Inc. now owns 23,335 shares of the technology company’s stock valued at $263,000 after purchasing an additional 1,543 shares during the last quarter. Teachers Advisors LLC raised its position in Silver Spring Networks by 3.3% during the 1st 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 last quarter. Finally, Stifel Financial Corp raised its position 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 worth $162,000 after buying an additional 2,285 shares during the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.

SSNI has been the subject of a number of recent research reports. Guggenheim lowered Silver Spring Networks from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $13.00 to $16.00 in a report on Monday, September 18th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $14.00 target price on shares of Silver Spring Networks in a research report on Monday, September 18th. Canaccord Genuity increased their target price on Silver Spring Networks from $10.50 to $11.50 and gave the stock a “hold” rating in a research report on Monday, August 14th. FBR & Co downgraded Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Friday, September 22nd. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $16.25 price objective on shares of Silver Spring Networks in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.95.

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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