Vonage Holdings Corp (VG) Files Form 4 Insider Selling : Jeffrey A Citron Sells 500,000 Shares

Vonage Holdings Corp (VG): Jeffrey A Citron , director 10% owner of Vonage Holdings Corp sold 500,000 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $6.45 per share for a total value of $3,223,833.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 18, 2016, Jeffrey A Citron (director 10% owner) sold 1,000,000 shares at $6.04 per share price.On Aug 18, 2016, Kurt Rogers (Chief Legal Officer& Secretary) sold 313,852 shares at $6.01 per share price.Also, 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.

Shares of Vonage Holdings Corp. (VG) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.15 points or -2.33% at $6.28 with 27,75,619 shares getting traded. Post opening the session at $6.44, the shares hit an intraday low of $6.2575 and an intraday high of $6.48 and the price vacillated in this range throughout the day. The company has a market cap of $1,359 M and the number of outstanding shares has been calculated to be 21,64,28,640 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 Initiated by Robert W. Baird to Outperform and the brokerage firm has set the Price Target at $8. The Rating was issued on Sep 14, 2016.Vonage Holdings Corp. is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 9 from a previous price target of $8 .The Rating was issued on Sep 12, 2016.Vonage Holdings Corp. is Reiterated by Dougherty & Company 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 Aug 3, 2016.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 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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