SilverSun Technologies, Inc. (NASDAQ:SSNT) CEO Mark Meller Sells 14,584 Shares

SilverSun Technologies, Inc. (NASDAQ:SSNTGet Free Report) CEO Mark Meller sold 14,584 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $13.08, for a total value of $190,758.72. Following the completion of the transaction, the chief executive officer now owns 295,152 shares of the company’s stock, valued at approximately $3,860,588.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mark Meller also recently made the following trade(s):

  • On Thursday, March 21st, Mark Meller sold 56,913 shares of SilverSun Technologies stock. The shares were sold at an average price of $13.69, for a total value of $779,138.97.
  • On Tuesday, March 19th, Mark Meller sold 8,488 shares of SilverSun Technologies stock. The shares were sold at an average price of $13.61, for a total value of $115,521.68.

SilverSun Technologies Trading Down 0.5 %

SSNT opened at $13.03 on Tuesday. SilverSun Technologies, Inc. has a 52 week low of $2.95 and a 52 week high of $24.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $69.32 million, a PE ratio of -65.15 and a beta of 2.16. The business has a 50 day moving average of $14.31 and a 200-day moving average of $9.34.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded SilverSun Technologies from a “d+” rating to a “c-” rating in a research note on Monday, December 11th.

Get Our Latest Report on SSNT

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Webster Bank N. A. bought a new stake in shares of SilverSun Technologies in the 4th quarter worth $50,000. Private Advisor Group LLC bought a new stake in shares of SilverSun Technologies in the 1st quarter worth $61,000. Renaissance Technologies LLC bought a new stake in shares of SilverSun Technologies in the 1st quarter worth $76,000. Morgan Stanley increased its holdings in shares of SilverSun Technologies by 53.9% in the 4th quarter. Morgan Stanley now owns 41,046 shares of the company’s stock worth $121,000 after purchasing an additional 14,376 shares in the last quarter. Finally, Red Door Wealth Management LLC bought a new stake in shares of SilverSun Technologies in the 4th quarter worth $171,000. Institutional investors own 58.68% of the company’s stock.

SilverSun Technologies Company Profile

(Get Free Report)

SilverSun Technologies, Inc operates as a business application, technology, and consulting company in the United States. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.

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