Gigamon Inc. (GIMO): Sachi Sambandan , Sr. VP Engineering of Gigamon Inc. sold 14,400 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $31.03 per share for a total value of $446,820.50 , 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 31, 2016, Helmut Wilke (Sr. VP Worldwide Sales) sold 8,000 shares at $31.09 per share price.On May 26, 2016, Sachi Sambandan (Sr. VP Engineering) sold 4,457 shares at $31.06 per share price.Also, On May 26, 2016, Ted C Ho (director) sold 60,000 shares at $30.90 per share price.On May 24, 2016, Mike Burns (Chief Financial Officer) sold 2,300 shares at $30.00 per share price.
Shares of Gigamon Inc (GIMO) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.67% at $31.02 with 4,74,202 shares getting traded. Post opening the session at $30.96, the shares hit an intraday low of $30.02 and an intraday high of $31.105 and the price vacillated in this range throughout the day. The company has a market cap of $1,083 M and the number of outstanding shares has been calculated to be 3,49,23,671 shares. The 52-week high of Gigamon Inc is $35.02 and the 52-week low is $18.93.
Company has been under the radar of several Street Analysts.Gigamon Inc is Initiated by Stifel to Hold. The Rating was issued on Mar 30, 2016.
Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Company’s Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility modification and control of network traffic. The Visibility Fabric spans physical appliances virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management analysis compliance and security tools. Its product offering includes a single product family comprising its GigaVUE GigaSECURE GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify manipulate transform filter correlate and sample network traffic.