Violin Memory Inc (VMEM): Bruce Harvey Grant , 10% owner of Violin Memory Inc purchased 334,251 shares on Jun 13, 2016. The Insider buying transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were purchased at $0.70 per share for a total value of $233,942.28 , 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 13, 2016, Bruce Harvey Grant (10% owner) purchased 2,818,766 shares at $0.63 per share price.On Jun 2, 2016, Donald J Listwin (director) purchased 500,000 shares at $0.49 per share price.Also, On Mar 22, 2016, Kevin A Denuccio (CEO) purchased 75,000 shares at $0.50 per share price.On Sep 11, 2015, Vivekanand Mahadevan (director) purchased 3,000 shares at $1.52 per share price.
Violin Memory Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Violin Memory Inc which led to swings in the share price. The shares opened for trading at $0.685 and hit $0.937 on the upside , eventually ending the session at $0.9, with a gain of 32.35% or 0.22 points. The heightened volatility saw the trading volume jump to 27,23,573 shares. The 52-week high of the share price is $2.76 and the company has a market cap of $89 M . The 52-week low of the share price is at $0.2712.
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.