Wall Street Zen Upgrades Lyntris (NYSE:LYNX) to “Hold”

Lyntris (NYSE:LYNX) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Lyntris Price Performance

Shares of NYSE LYNX opened at $14.17 on Friday. Lyntris has a twelve month low of $12.96 and a twelve month high of $16.00.

Insider Buying and Selling at Lyntris

In other Lyntris news, Director Brian Raduenz sold 98,445 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $1,619,420.25. Following the completion of the transaction, the director directly owned 177,203 shares of the company’s stock, valued at approximately $2,914,989.35. The trade was a 35.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $17.50, for a total value of $145,833,327.50. Following the completion of the sale, the insider owned 11,966,544 shares of the company’s stock, valued at $209,414,520. This trade represents a 41.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,912,282 shares of company stock worth $155,357,039 in the last three months.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.