Vonage Holdings Corp (VG) Files Form 4 Insider Selling : Jeffrey A Citron Sells 101,640 Shares

Vonage Holdings Corp (VG): Jeffrey A Citron , director 10% owner of Vonage Holdings Corp sold 101,640 shares on Jul 19, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $6.04 per share for a total value of $613,712.50 , 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 30, 2016, Mcgonigal Graham (Chief Network Officer) sold 64,248 shares at $6.00 per share price.On May 16, 2016, Alan Masarek (CEO) purchased 126,460 shares at $3.91 per share price.Also, On Mar 14, 2016, David C Nagel (director) sold 10,000 shares at $4.94 per share price.On Mar 4, 2016, Jeffrey A Citron (director 10% owner) sold 500,000 shares at $5.33 per share price.

Shares of Vonage Holdings Corp. (VG) ended Wednesday, Jul 20, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.17% at $5.86 with 15,47,996 shares getting traded. Post opening the session at $5.9, the shares hit an intraday low of $5.82 and an intraday high of $5.97 and the price vacillated in this range throughout the day. The company has a market cap of $1,251 M and the number of outstanding shares has been calculated to be 21,34,82,040 shares. The 52-week high of Vonage Holdings Corp. is $7.417 and the 52-week low is $3.815.

Vonage Holdings Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Vonage Holdings Corp. is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 8 from a previous price target of $6 .The Rating was issued on Jun 28, 2016.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 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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