Insider Selling: SilverSun Technologies, Inc. (NASDAQ:SSNT) CEO Sells $190,758.72 in Stock

SilverSun Technologies, Inc. (NASDAQ:SSNT) CEO Mark Meller sold 14,584 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $13.08, for a total transaction of $190,758.72. Following the sale, the chief executive officer now directly owns 295,152 shares in the company, valued at approximately $3,860,588.16. The sale was disclosed in a document filed with the SEC, which is available 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 transaction 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 transaction of $115,521.68.

SilverSun Technologies Price Performance

NASDAQ:SSNT opened at $13.05 on Thursday. 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 company has a 50 day moving average price of $14.31 and a 200-day moving average price of $9.44. SilverSun Technologies, Inc. has a 1-year low of $2.95 and a 1-year high of $24.54.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of SilverSun Technologies from a “d+” rating to a “c-” rating in a report on Monday, December 11th.

Hedge Funds Weigh In On SilverSun Technologies

Institutional investors have recently made changes to their positions in the company. Red Door Wealth Management LLC purchased a new stake in SilverSun Technologies in the 4th quarter worth $171,000. Vanguard Group Inc. increased its holdings in SilverSun Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 165,493 shares of the company’s stock worth $2,832,000 after acquiring an additional 1,804 shares in the last quarter. UBS Group AG increased its holdings in SilverSun Technologies by 40,915.0% in the 4th quarter. UBS Group AG now owns 16,406 shares of the company’s stock worth $281,000 after acquiring an additional 16,366 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in SilverSun Technologies by 11,500.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,600 shares of the company’s stock worth $198,000 after acquiring an additional 11,500 shares in the last quarter. Finally, Morgan Stanley increased its holdings in 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 acquiring an additional 14,376 shares in the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

SilverSun Technologies Company Profile

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.