Aerohive Networks, Inc (HIVE): Changming Liu , director of Aerohive Networks, Inc sold 3,000 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $6.34 per share for a total value of $19,005.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Changming Liu (director) sold 3,000 shares at $5.86 per share price.On Nov 9, 2015, Efstathios Papaefstathiou (SVP, Engineering) sold 27,308 shares at $6.45 per share price.Also, On Sep 8, 2015, David K. Flynn (CEO) purchased 3,728 shares at $6.16 per share price.
Aerohive Networks Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Aerohive Networks Inc which led to swings in the share price. The shares opened for trading at $6.34 and hit $6.41 on the upside , eventually ending the session at $6.38, with a gain of 2.08% or 0.13 points. The heightened volatility saw the trading volume jump to 1,55,041 shares. The 52-week high of the share price is $8.35 and the company has a market cap of $316 M . The 52-week low of the share price is at $4.08.
Aerohive Networks Inc. together with its subsidiaries has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s hardware products are managed by the Company’s Cloud Services Platform which delivers cloud-managed network management and mobility applications giving end customers a single unified and contextual view of the entire network edge. The Company conducts its business in three geographic regions: Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company’s product portfolio includes hardware products cloud-based network management and applications and support services. The Company’s hardware products include access points branch routers and access switches. The Company’s cloud-based product offering includes HiveManager ID Manager Client Management and Social Login applications.