Violin Memory Inc (VMEM) Files Form 4 Insider Buying : Donald J Listwin Buys 500,000 Shares

Violin Memory Inc (VMEM): Donald J Listwin , director of Violin Memory Inc purchased 500,000 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $0.49 per share for a total value of $245,000.00 , 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 22, 2016, Kevin A Denuccio (CEO) purchased 75,000 shares at $0.50 per share price.On Mar 18, 2016, Donald J Listwin (director) purchased 166,000 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.

Violin Memory Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Violin Memory Inc which led to swings in the share price. The shares opened for trading at $0.58 and hit $0.6377 on the upside , eventually ending the session at $0.6019, with a gain of 6.01% or 0.0341 points. The heightened volatility saw the trading volume jump to 58,48,250 shares. The 52-week high of the share price is $2.99 and the company has a market cap of $60 M . The 52-week low of the share price is at $0.2712.

Violin Memory Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Violin Memory Inc is Reiterated by Maxim Group to Hold while Lowering the Price Target of the company shares to $ 1.10 from a previous price target of $2 . The Rating was issued on Mar 11, 2016.

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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