Silver Spring Networks Inc (SSNI): Scott A. Lang , Board Chair; ExecutiveChairman of Silver Spring Networks Inc sold 29,769 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $12.95 per share for a total value of $385,676.94 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Richard S. Jr. Arnold (General Counsel & Secretary) sold 7,833 shares at $13.19 per share price.On May 19, 2016, Raj Vaswani (Chief Technology Officer) sold 458 shares at $12.80 per share price.Also, On May 12, 2016, James P. Burns (EVP, Chief Financial Officer) sold 6,007 shares at $12.70 per share price.On Jun 23, 2015, Theresa Stynes (Chief Human Resources Officer) sold 500 shares at $14.50 per share price.
Silver Spring Networks Inc: On Friday, May 27, 2016 heightened volatility was witnessed in Silver Spring Networks Inc which led to swings in the share price. The shares opened for trading at $12.8 and hit $12.95 on the upside , eventually ending the session at $12.93, with a gain of 0.62% or 0.08 points. The heightened volatility saw the trading volume jump to 1,12,007 shares. The 52-week high of the share price is $16.18 and the company has a market cap of $658 M . The 52-week low of the share price is at $9.55.
Company has been under the radar of several Street Analysts.Silver Spring Networks Inc is Initiated by Avondale to Mkt Outperform. The Rating was issued on Mar 29, 2016.
Silver Spring Networks Inc. is engaged in creating building and deploying large scale networks and solutions enabling the Internet of things for critical infrastructure. The Company provides a networking platform and solutions. Its networking platform enables customers to communicate with devices connected to the power grid. Its networking platform comprises its hardware such as access points and relays its UtilOS network operating software and its GridScape management and security software. Its SilverLink Sensor Network helps customers use the data generated by devices on the network in order to provide insights for decision-making. Its solutions include advanced metering distribution automation demand-side management and street lights. Its services include professional services managed services and software as a service (SaaS) and customer support.