Silver Spring Networks, Inc. (NYSE:SSNI) COO Aysegul Ildeniz sold 16,189 shares of the business’s 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 sale, the chief operating officer now directly owns 19,664 shares of the company’s stock, valued at $317,180.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Silver Spring Networks, Inc. (NYSE SSNI) opened at $16.17 on Monday. Silver Spring Networks, Inc. has a 12-month low of $9.68 and a 12-month high of $16.24.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in shares of Silver Spring Networks by 58.8% in the 3rd quarter. Sterling Capital Management LLC now owns 72,088 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 26,687 shares during the period. Virtu Financial LLC acquired a new position in shares of Silver Spring Networks in the 3rd quarter valued at approximately $232,000. Cowen Inc. acquired a new position in shares of Silver Spring Networks in the 3rd quarter valued at approximately $1,048,000. Magnetar Financial LLC acquired a new position in shares of Silver Spring Networks in the 3rd quarter valued at approximately $31,789,000. Finally, Allianz Asset Management GmbH grew its position in shares of Silver Spring Networks by 569.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,181,315 shares of the technology company’s stock valued at $19,101,000 after purchasing an additional 1,004,779 shares during the period. Institutional investors and hedge funds own 84.50% of the company’s stock.

Several brokerages have weighed in on SSNI. JMP Securities cut Silver Spring Networks to a “market perform” rating in a report on Tuesday, September 19th. Raymond James Financial, Inc. cut Silver Spring Networks from a “strong-buy” rating to a “mkt perform” rating in a research note on Wednesday, September 20th. Williams Capital upped their price target on Silver Spring Networks from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. ValuEngine raised Silver Spring Networks from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, BidaskClub cut Silver Spring Networks from a “sell” rating to a “strong sell” rating in a research note on Friday, November 10th. 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’s stock. Silver Spring Networks currently has a consensus rating of “Hold” and a consensus target price 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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