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

SilverSun Technologies, Inc. (NASDAQ:SSNT) CEO Mark Meller sold 14,584 shares of SilverSun Technologies stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $13.08, for a total transaction of $190,758.72. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, March 21st, Mark Meller sold 56,913 shares of SilverSun Technologies stock. The stock was 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 stock was sold at an average price of $13.61, for a total transaction of $115,521.68.

SilverSun Technologies Trading Down 0.3 %

Shares of SSNT opened at $13.05 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day moving average of $14.31 and a two-hundred day moving average of $9.44. SilverSun Technologies, Inc. has a 12-month low of $2.95 and a 12-month high of $24.54.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On SilverSun Technologies

A number of institutional investors have recently bought and sold shares of SSNT. Red Door Wealth Management LLC purchased a new stake in SilverSun Technologies during the fourth quarter worth approximately $171,000. Vanguard Group Inc. raised its holdings in SilverSun Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 165,493 shares of the company’s stock valued at $2,832,000 after acquiring an additional 1,804 shares in the last quarter. UBS Group AG raised its holdings in SilverSun Technologies by 40,915.0% in the fourth quarter. UBS Group AG now owns 16,406 shares of the company’s stock valued at $281,000 after acquiring an additional 16,366 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in SilverSun Technologies by 11,500.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,600 shares of the company’s stock valued at $198,000 after acquiring an additional 11,500 shares in the last quarter. Finally, Morgan Stanley raised its holdings in SilverSun Technologies by 53.9% in the fourth quarter. Morgan Stanley now owns 41,046 shares of the company’s stock valued at $121,000 after acquiring an additional 14,376 shares in the last quarter. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

About SilverSun Technologies

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.