Shutterfly Inc (SFLY) Files Form 4 Insider Selling : Lisa Blackwood-kapral Sells 2,605 Shares

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Shutterfly Inc (SFLY): Lisa Blackwood-kapral , Chief Accounting Officer of Shutterfly Inc sold 2,605 shares on Feb 22, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $47.09 per share for a total value of $122,707.15 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2017, John Boris (SVP, Chief Marketing Officer) sold 11,949 shares at $47.09 per share price.On Feb 24, 2017, Ishantha Lokuge (SVP and Chief Product Officer) sold 3,356 shares at $47.08 per share price.Also, On Feb 22, 2017, Lisa Blackwood-kapral (Chief Accounting Officer) sold 1,964 shares at $47.64 per share price.On Feb 22, 2017, Roland Karl Wiley (SVP and General Manager) sold 1,714 shares at $47.61 per share price.

Shutterfly: On Wednesday, Feb 22, 2017 heightened volatility was witnessed in Shutterfly which led to swings in the share price. The shares opened for trading at $46.97 and hit $47.58 on the upside , eventually ending the session at $47.2, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 8,03,838 shares. The 52-week high of the share price is $54.6 and the company has a market cap of $1,588 M . The 52-week low of the share price is at $39.12.

Shutterfly Money Flow Index Chart

Company has been under the radar of several Street Analysts.Shutterfly is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 47 from a previous price target of $59 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 2, 2017.Shutterfly is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 2, 2017.Shutterfly is Initiated by Aegis Capital to Buy. The Rating was issued on Nov 30, 2016.

Shutterfly Inc. is a manufacturer and digital retailer of personalized photo-based products and services. The Company’s segments include Consumer and Enterprise. Its products and services are offered through a family of lifestyle brands including Shutterfly Tiny Prints Wedding Paper Divas ThisLife MyPublisher and BorrowLenses. The Company produces and sells bound photo books greeting and stationery cards personalized calendars other photo-based merchandise and prints. It sells a range of photo-based merchandise such as calendars mugs canvas prints mouse pads magnets and puzzles. The Consumer segment sells photo-based products such as photo books stationery and greeting cards other photo-based merchandise photo prints and also ships as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats.

Author

Fred Walker

For any feedback and suggestions contact author at Fred.Walker@themarketdigest.org

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