Silver Spring Networks (SSNI) Given Media Impact Rating of 0.24

Media headlines about Silver Spring Networks (NYSE:SSNI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Silver Spring Networks earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.2889115891619 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Silver Spring Networks (NYSE:SSNI) opened at $16.26 on Friday. The company has a market capitalization of $880.35, a price-to-earnings ratio of -19.59 and a beta of 1.60. Silver Spring Networks has a twelve month low of $9.68 and a twelve month high of $16.26.

SSNI has been the topic of a number of recent research reports. Zacks Investment Research raised Silver Spring Networks from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, January 2nd. Guggenheim reaffirmed a “hold” rating on shares of Silver Spring Networks in a research report on Friday, January 12th. Finally, B. Riley set a $16.00 price objective on Silver Spring Networks and gave the stock a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Silver Spring Networks has a consensus rating of “Hold” and an average price target of $15.05.

In related news, insider Theresa Stynes sold 17,618 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $16.23, for a total value of $285,940.14. Following the transaction, the insider now owns 24,519 shares of the company’s stock, valued at $397,943.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Bell sold 140,230 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $16.23, for a total value of $2,275,932.90. Following the transaction, the chief executive officer now directly owns 208,068 shares in the company, valued at approximately $3,376,943.64. The disclosure for this sale can be found here. Insiders sold 158,243 shares of company stock worth $2,568,288 in the last three months. 25.20% of the stock is currently owned by corporate insiders.

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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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