Tanya Tamone Buys Shares of RBBN
Tanya Tamone acquired 63,197 shares of RBBN, reflecting insider confidence.
Key Points
- Tanya Tamone bought 63,197 shares of RBBN on June 15, 2026, showing strong insider interest.
- RBBN stock is trading at $2.61, with various institutional investors adjusting their positions.
- Analysts from Citizens and Rosenblatt maintain a 'buy' rating, with price targets as high as $6.00.
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On June 15, 2026, Tanya Tamone bought 63,197 shares of RBBN. This insider transaction comes as the stock trades at $2.61, indicating a potential vote of confidence in the company's future.
Other Institutional Activity in RBBN
JPMorgan Chase & Co increased its holdings by 5,459 shares, ending with 52,043,036 shares valued at about $107.99 million. Neuberger Berman Group LLC trimmed its position by 69,114 shares, now holding 17,361,988 shares worth approximately $33.2 million. Paradigm Capital Management Inc/NY reduced its stake by 286,963 shares, bringing its total to 8,036,335 shares valued at $17.04 million. BlackRock, Inc. also cut its position by 941,918 shares, holding 6,724,007 shares worth $14.25 million. Meanwhile, Royce & Associates LP added 265,000 shares, reaching a total of 4,879,741 shares valued at $10.35 million.
Insider Buying and Selling at Ribbon Communications Inc.
Insider transactions included Shani Shaul and Ewing Stewart Jr, who both acquired 42,500 shares on June 16, 2026. Tanya Tamone also bought 42,500 shares on the same day. Beatriz Infante was involved in both buying and selling 42,500 shares each, reflecting active insider trading.
Analysts Set New Price Targets
On February 6, 2026, Citizens and Rosenblatt maintained their 'buy' ratings for RBBN, setting a price target of $4.00. The consensus among analysts is a 'buy' recommendation, with an average target price of $4.00, based on multiple opinions.
Bottom Line
Tanya Tamone's recent purchase of RBBN shares highlights insider confidence in the company. While the stock currently trades at $2.61, various institutional investors have adjusted their positions, showing mixed sentiment. Analysts maintain a positive outlook with 'buy' ratings and price targets reaching up to $6.00, suggesting potential growth.
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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.