Vonage Holdings Corp (VG) Files Form 4 Insider Selling : Mcgonigal Graham Sells 150,994 Shares

Vonage Holdings Corp (VG): Mcgonigal Graham , Chief Network Officer of Vonage Holdings Corp sold 150,994 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $5.25 per share for a total value of $799,217.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Alan Masarek (CEO) purchased 126,460 shares at $3.91 per share price.On Mar 14, 2016, David C Nagel (director) sold 10,000 shares at $4.94 per share price.Also, On Mar 4, 2016, Jeffrey A Citron (director 10% owner) sold 500,000 shares at $5.33 per share price.On Jun 29, 2015, Mcgonigal Graham (SVP, Network Operations) sold 102,500 shares at $5.00 per share price.

Vonage Holdings Corp.: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Vonage Holdings Corp. which led to swings in the share price. The shares opened for trading at $5.32 and hit $5.47 on the upside , eventually ending the session at $5.41, with a gain of 1.31% or 0.07 points. The heightened volatility saw the trading volume jump to 19,30,124 shares. The 52-week high of the share price is $7.417 and the company has a market cap of $1,155 M . The 52-week low of the share price is at $3.815.

Vonage Holdings Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Vonage Holdings Corp. is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 14, 2016.Vonage Holdings Corp. is Initiated by Needham to Buy and the brokerage firm has set the Price Target at $6. The Rating was issued on Apr 7, 2016.

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology it offers voice and messaging services and other features around the world on various devices. This platform enables a user via a single identity either a number or user name to access and utilize services and features by being connected to the Internet over third generation (3G) Long-Term Evolution (LTE) cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States the United Kingdom Brazil Israel and Canada. Its brand BasicTalk is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers and small and medium businesses.

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