Shutterfly Inc (SFLY) Files Form 4 Insider Selling : Tracy Layney Sells 8,684 Shares

Shutterfly Inc (SFLY): Tracy Layney , SVP, Chief HR Officer of Shutterfly Inc sold 8,684 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $47.06 per share for a total value of $408,701.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, John Boris (SVP, Chief Marketing Officer) sold 13,415 shares at $45.58 per share price.On Mar 29, 2016, Lisa Blackwood-kapral (Chief Accounting Officer) sold 2,005 shares at $45.62 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.

Shutterfly: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Shutterfly which led to swings in the share price. The shares opened for trading at $47.71 and hit $48.53 on the upside , eventually ending the session at $47.84, with a gain of 0.91% or 0.43 points. The heightened volatility saw the trading volume jump to 2,03,966 shares. The 52-week high of the share price is $49.16 and the company has a market cap of $1,649 M . The 52-week low of the share price is at $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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