Scott Mair Acquires Shares in RBBN
Scott Mair purchased 63,197 shares of RBBN on June 15, 2026.
Key Points
- Scott Mair purchased 63,197 shares of RBBN on June 15, 2026, as part of recent insider buying activity.
- RBBN shares are trading at $2.61, with institutional investors like JPMorgan Chase & Co. holding 52,043,036 shares valued at $107.99 million.
- Analysts from firms like Citizens and Rosenblatt maintain a 'buy' rating for RBBN, with price targets of $4.00 and $6.00 respectively.
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Scott Mair recently acquired 63,197 shares of RBBN on June 15, 2026. This insider purchase is part of a series of transactions that have taken place in the company. The stock is currently trading at $2.61.
Other Institutional Activity in RBBN
JPMorgan Chase & Co. slightly increased its stake in RBBN, adding 5,459 shares, bringing its total to 52,043,036 shares valued at about $107.99 million. On the other hand, Neuberger Berman Group LLC reduced its holdings by 69,114 shares, leaving it with 17,361,988 shares worth approximately $33.20 million. Paradigm Capital Management Inc/NY also trimmed its position by 286,963 shares, resulting in a total of 8,036,335 shares valued at $17.04 million. Meanwhile, BlackRock, Inc. cut its stake significantly by 941,918 shares, ending with 6,724,007 shares valued at $14.25 million. Dimensional Fund Advisors LP and Royce & Associates LP also adjusted their positions, with Dimensional reducing by 124,015 shares and Royce increasing by 265,000 shares.
Ribbon Communications Inc. Stock Up 28.6%
Shares of RBBN are currently trading at $2.61. The stock has been experiencing fluctuations, with various institutional investors adjusting their holdings. The recent insider buying activity may indicate growing confidence in the company's potential.
Insider Buying and Selling at Ribbon Communications Inc.
In addition to Scott Mair's purchase, several other insiders have recently bought shares. On June 16, 2026, Shani Shaul, Ewing Stewart Jr, and Tanya Tamone each acquired 42,500 shares. Beatriz Infante also bought 42,500 shares on the same day. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
Analysts continue to show confidence in RBBN. On February 6, 2026, Citizens maintained a 'buy' rating with a $4.00 price target. Rosenblatt also maintained its 'buy' rating with the same target. The consensus among analysts remains positive, with a mean target price suggesting potential upside.
Bottom Line
The recent insider buying activity, including Scott Mair's acquisition, suggests a positive outlook among company insiders. Institutional investors like JPMorgan Chase & Co. continue to hold significant positions, reflecting their interest in the company's future. Analysts also maintain favorable ratings, indicating continued confidence in RBBN's potential. As always, it's important to remember that these insights are based on past filings and may not represent the current situation.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.