Sba Communications Corp (SBAC) Files Form 4 Insider Buying : Duncan Cocroft Buys 1,000 Shares

Sba Communications Corp (SBAC): Duncan Cocroft , director of Sba Communications Corp purchased 1,000 shares on Jun 16, 2016. The Insider buying transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $100.16 per share for a total value of $100,160.00 , 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 17, 2016, Mark R Ciarfella (EVP – Operations) sold 3,950 shares at $95.50 per share price.On Dec 18, 2015, Jason V Silberstein (EVP – Site Leasing) sold 49,491 shares at $101.20 per share price.Also, On Dec 3, 2015, Duncan Cocroft (director) sold 1,391 shares at $109.30 per share price.On Aug 19, 2015, George R Jr Krouse (director) sold 1,916 shares at $126.67 per share price.

SBA Communications Corporation: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in SBA Communications Corporation which led to swings in the share price. The shares opened for trading at $100.71 and hit $101.325 on the upside , eventually ending the session at $100.45, with a gain of 0.21% or 0.21 points. The heightened volatility saw the trading volume jump to 6,00,121 shares. The 52-week high of the share price is $128.4699 and the company has a market cap of $12,609 M . The 52-week low of the share price is at $82.8.

SBA Communications Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.SBA Communications Corporation is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 3, 2016.SBA Communications Corporation is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 117 from a previous price target of $112 .The Rating was issued on May 3, 2016.

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures rooftops and other structures that support antennas used for wireless communications. The Company operated through two segments namely site leasing and site development. The Company’s primary business line is its site leasing business. In its site leasing business the Company leases antenna space to wireless service providers on towers that it owns or operates and manage rooftop and tower sites for property owners under various contractual arrangements. It also managed or leased approximately 5000 actual or potential towers. Its other business line is its site development business through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Company’s principal operations are in the United States and its territories. In addition it owns and operates towers in Canada Central America and South America.

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