Violin Memory Inc (VMEM) Files Form 4 Insider Buying : Bruce Harvey Grant Buys 472,983 Shares

Violin Memory Inc (VMEM): Bruce Harvey Grant , 10% owner of Violin Memory Inc purchased 472,983 shares on Jun 27, 2016. The Insider buying transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were purchased at $0.74 per share for a total value of $349,439.84 , 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 15, 2016, Bruce Harvey Grant (10% owner) purchased 334,251 shares at $0.70 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.

Shares of Violin Memory Inc (VMEM) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.0514 points or -6.18% at $0.78 with 18,40,787 shares getting traded. Post opening the session at $0.8017, the shares hit an intraday low of $0.69 and an intraday high of $0.8117 and the price vacillated in this range throughout the day. The company has a market cap of $78 M and the number of outstanding shares has been calculated to be 10,01,36,131 shares. The 52-week high of Violin Memory Inc is $2.72 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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