Silver Spring Networks Inc (NYSE:SSNI) General Counsel Richard S. Jr. Arnold sold 68,541 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $16.24, for a total transaction of $1,113,105.84. Following the completion of the transaction, the general counsel now owns 47,051 shares of the company’s stock, valued at approximately $764,108.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Silver Spring Networks Inc (NYSE SSNI) opened at $16.22 on Friday. Silver Spring Networks Inc has a 12 month low of $9.68 and a 12 month high of $16.24.
A number of equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Silver Spring Networks from a “sell” rating to a “strong sell” rating in a report on Friday, November 10th. FBR & Co downgraded shares of Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, September 22nd. Raymond James Financial downgraded shares of Silver Spring Networks from a “strong-buy” rating to a “mkt perform” rating in a report on Wednesday, September 20th. JMP Securities downgraded shares of Silver Spring Networks to a “market perform” rating in a report on Tuesday, September 19th. Finally, Canaccord Genuity increased their price target on shares of Silver Spring Networks from $11.50 to $16.25 and gave the company a “hold” rating in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.95.
TRADEMARK VIOLATION NOTICE: This news story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://stocknewstimes.com/2017/12/15/silver-spring-networks-inc-ssni-general-counsel-sells-1113105-84-in-stock.html.
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.
Receive News & Ratings for Silver Spring Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Spring Networks and related companies with MarketBeat.com's FREE daily email newsletter.