Violin Memory Inc (VMEM) Files Form 4 Insider Buying : Bruce Harvey Grant Buys 2,818,766 Shares

Violin Memory Inc (VMEM): Bruce Harvey Grant , 10% owner of Violin Memory Inc purchased 2,818,766 shares on Jun 2, 2016. The Insider buying transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $0.63 per share for a total value of $1,680,425.12 , 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, Donald J Listwin (director) purchased 500,000 shares at $0.49 per share price.On Mar 22, 2016, Kevin A Denuccio (CEO) purchased 75,000 shares at $0.50 per share price.Also, On Sep 11, 2015, Vivekanand Mahadevan (director) purchased 3,000 shares at $1.52 per share price.On Sep 11, 2015, Cory Sindelar (CFO) purchased 10,000 shares at $1.48 per share price.

Shares of Violin Memory Inc (VMEM) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.0076 points or -1.02% at $0.7358 with 14,17,770 shares getting traded. Post opening the session at $0.702, the shares hit an intraday low of $0.7011 and an intraday high of $0.79 and the price vacillated in this range throughout the day. The company has a market cap of $73 M and the number of outstanding shares has been calculated to be 9,91,69,243 shares. The 52-week high of Violin Memory Inc is $2.76 and the 52-week low is $0.2712.

Violin Memory Inc Money Flow Index Chart

Violin Memory Inc. has developed a new class of flash-based storage solutions that are designed to bring storage performance in-line with applications servers and networks. The Company’s Flash Storage Platform and All Flash Arrays are specifically designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the sustained performance requirements of business-critical applications virtualized environments and Big Data in the cloud and in enterprise data center. The Flash Storage Platform runs its Concerto OS 7 a single operating system with integrated continuous data protection in-line block de-duplication and compression stretch metro cluster and Logical Unit Number (LUN) mirroring as well as its suite of other Enterprise Data Services.

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