Shutterfly Inc (SFLY) Files Form 4 Insider Selling : John Boris Sells 15,085 Shares

Shutterfly Inc (SFLY): John Boris , SVP, Chief Marketing Officer of Shutterfly Inc sold 15,085 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $46.56 per share for a total value of $702,411.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 29, 2016, Lisa Blackwood-kapral (Chief Accounting Officer) sold 2,005 shares at $45.62 per share price.On Mar 11, 2016, John Boris (SVP, Chief Marketing Officer) sold 15,924 shares at $45.31 per share price.Also, On Mar 11, 2016, Satish Menon (SVP, Chief Technology Officer) sold 14,708 shares at $46.25 per share price.On Mar 11, 2016, Ishantha Lokuge (SVP and Chief Product Officer) sold 5,760 shares at $46.25 per share price.

Shares of Shutterfly (SFLY) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -0.50% at $45.39 with 1,49,129 shares getting traded. Post opening the session at $45.34, the shares hit an intraday low of $44.9601 and an intraday high of $45.91 and the price vacillated in this range throughout the day. The company has a market cap of $1,564,139 M and the number of outstanding shares has been calculated to be 34,46,00,00,000 shares. The 52-week high of Shutterfly is $49.1 and the 52-week low is $35.22.

Shutterfly Money Flow Index Chart

Company has been under the radar of several Street Analysts.Shutterfly is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $48 .The Rating was issued on Apr 28, 2016.Shutterfly is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $40 .The Rating was issued on Apr 28, 2016.

Shutterfly Inc. is a manufacturer and digital retailer of personalized photo-based products and services. The Company’s segments include Consumer and Enterprise. Its products and services are offered through a family of lifestyle brands including Shutterfly Tiny Prints Wedding Paper Divas ThisLife MyPublisher and BorrowLenses. The Company produces and sells bound photo books greeting and stationery cards personalized calendars other photo-based merchandise and prints. It sells a range of photo-based merchandise such as calendars mugs canvas prints mouse pads magnets and puzzles. The Consumer segment sells photo-based products such as photo books stationery and greeting cards other photo-based merchandise photo prints and also ships as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats.

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