Silver Spring Networks Inc (SSNI): Scott A. Lang , Board Chair; ExecutiveChairman of Silver Spring Networks Inc sold 144,542 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $13.30 per share for a total value of $1,917,820.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Scott A. Lang (Board Chair; ExecutiveChairman) sold 66,164 shares at $13.08 per share price.On May 25, 2016, Richard S. Jr. Arnold (General Counsel & Secretary) sold 7,833 shares at $13.19 per share price.Also, On May 19, 2016, Raj Vaswani (Chief Technology Officer) sold 458 shares at $12.80 per share price.On May 12, 2016, James P. Burns (EVP, Chief Financial Officer) sold 6,007 shares at $12.70 per share price.
Shares of Silver Spring Networks Inc (SSNI) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -1.35% at $13.11 with 2,91,453 shares getting traded. Post opening the session at $13.32, the shares hit an intraday low of $12.96 and an intraday high of $13.325 and the price vacillated in this range throughout the day. The company has a market cap of $667 M and the number of outstanding shares has been calculated to be 5,08,97,623 shares. The 52-week high of Silver Spring Networks Inc is $16.18 and the 52-week low is $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.