Silver Spring Networks, Inc. (NYSE:SSNI) insider Raj Vaswani sold 14,273 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $16.07, for a total value of $229,367.11. Following the sale, the insider now owns 106,057 shares in the company, valued at $1,704,335.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, November 16th, Raj Vaswani sold 15,688 shares of Silver Spring Networks stock. The shares were sold at an average price of $16.08, for a total value of $252,263.04.
  • On Thursday, October 5th, Raj Vaswani sold 14,273 shares of Silver Spring Networks stock. The shares were sold at an average price of $16.21, for a total value of $231,365.33.

Shares of Silver Spring Networks, Inc. (NYSE:SSNI) remained flat at $$16.24 during trading on Thursday. 862,600 shares of the stock were exchanged, compared to its average volume of 625,931. Silver Spring Networks, Inc. has a 12 month low of $9.68 and a 12 month high of $16.24.

A number of institutional investors have recently modified their holdings of SSNI. Teachers Advisors LLC lifted its stake in Silver Spring Networks by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 62,692 shares of the technology company’s stock worth $708,000 after purchasing an additional 2,012 shares in the last quarter. Vanguard Group Inc. lifted its stake in Silver Spring Networks by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 1,619,151 shares of the technology company’s stock worth $18,280,000 after purchasing an additional 155,130 shares in the last quarter. Geode Capital Management LLC lifted its stake in Silver Spring Networks by 14.5% in the 1st quarter. Geode Capital Management LLC now owns 305,422 shares of the technology company’s stock worth $3,448,000 after purchasing an additional 38,626 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Silver Spring Networks by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 886,065 shares of the technology company’s stock worth $10,004,000 after purchasing an additional 112,428 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Silver Spring Networks by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 145,138 shares of the technology company’s stock worth $1,639,000 after purchasing an additional 8,190 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on SSNI shares. FBR & Co restated a “buy” rating on shares of Silver Spring Networks in a research report on Monday, September 11th. BidaskClub cut Silver Spring Networks from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $11.00 price target (up from $9.00) on shares of Silver Spring Networks in a research note on Friday, September 8th. Oppenheimer reaffirmed a “buy” rating and issued a $14.00 price target on shares of Silver Spring Networks in a research note on Monday, September 18th. Finally, JMP Securities lowered shares of Silver Spring Networks to a “market perform” rating 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 issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.95.

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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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