Silver Spring Networks Inc (SSNI) Files Form 4 Insider Selling : Richard S. Jr. Arnold Sells 1,000 Shares

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Silver Spring Networks Inc (SSNI): Richard S. Jr. Arnold , General Counsel & Secretary of Silver Spring Networks Inc sold 1,000 shares on Feb 23, 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 $12.51 per share for a total value of $12,510.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 5, 2017, Eric P. Dresselhuys (Co-Founder & EVP, Global Dev.) sold 28,758 shares at $13.16 per share price.On Nov 22, 2016, Richard S. Jr. Arnold (General Counsel & Secretary) sold 8,621 shares at $14.90 per share price.Also, On Nov 17, 2016, Warren M Weiss (director 10% owner) sold 39,974 shares at $14.58 per share price.On Nov 15, 2016, Kenneth P. Gianella (Chief Financial Officer) sold 682 shares at $14.40 per share price.

Shares of Silver Spring Networks Inc (SSNI) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -1.41 points or -10.04% at $12.63 with 21,05,089 shares getting traded. Post opening the session at $12.4, the shares hit an intraday low of $11.92 and an intraday high of $12.99 and the price vacillated in this range throughout the day. The company has a market cap of $655 M and the number of outstanding shares has been calculated to be 5,18,94,472 shares. The 52-week high of Silver Spring Networks Inc is $15.4 and the 52-week low is $10.18.

Silver Spring Networks Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Silver Spring Networks Inc is Downgraded by Wunderlich to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 22, 2017.Silver Spring Networks Inc is Initiated by JMP Securities to Mkt Outperform. The Rating was issued on Jan 13, 2017.Silver Spring Networks Inc is Initiated by Williams Capital Group to Buy and the brokerage firm has set the Price Target at $18. The Rating was issued on Nov 28, 2016.

Silver Spring Networks Inc. is engaged in creating building and deploying large scale networks and solutions enabling the Internet of things for critical infrastructure. The Company provides a networking platform and solutions. Its networking platform enables customers to communicate with devices connected to the power grid. Its networking platform comprises its hardware such as access points and relays its UtilOS network operating software and its GridScape management and security software. Its SilverLink Sensor Network helps customers use the data generated by devices on the network in order to provide insights for decision-making. Its solutions include advanced metering distribution automation demand-side management and street lights. Its services include professional services managed services and software as a service (SaaS) and customer support.

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Aaron Hall

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