Infoblox Inc (BLOX) Files Form 4 Insider Selling : Jesper Andersen Sells 11,906 Shares

Infoblox Inc (BLOX): Jesper Andersen , President and CEO of Infoblox Inc sold 11,906 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $18.55 per share for a total value of $220,856.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Scott Fulton (EVP, Product Strategy) sold 10,057 shares at $16.14 per share price.On Mar 17, 2016, Thorsten Freitag (EVP, Worldwide Field Ops) sold 9,726 shares at $15.30 per share price.Also, On Mar 9, 2016, Daniel J Phelps (director) sold 3,000 shares at $16.16 per share price.On Dec 18, 2015, Jesper Andersen (President and CEO) sold 29,926 shares at $18.56 per share price.

Infoblox Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Infoblox Inc which led to swings in the share price. The shares opened for trading at $18.35 and hit $18.67 on the upside , eventually ending the session at $18.62, with a gain of 1.36% or 0.25 points. The heightened volatility saw the trading volume jump to 6,31,263 shares. The 52-week high of the share price is $28.03 and the company has a market cap of $1,060 M . The 52-week low of the share price is at $13.22.

Infoblox Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Infoblox Inc is Downgraded by DA Davidson to Underperform and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 16, 2016.Infoblox Inc is Reiterated by Deutsche Bank to Sell while Lowering the Price Target of the company shares to $ 12 from a previous price target of $13 . The Rating was issued on May 10, 2016.

Infoblox Inc. provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The Company provides network control network automation and domain name system (DNS) security though appliance-based solutions. The Company’s solutions combine real-time Internet protocol address management (IPAM) automation of network control change and configuration management processes and DNS-based infrastructure security in purpose-built physical and virtual appliances. The Company’s functions include delivering critical network protocol services such as dynamic host configuration protocol (DHCP) network change and configuration management and network infrastructure security. The Company offers four product families: Core Network Services Infrastructure Security Cloud Network Automation and Network Change and Configuration Management.

Leave a Reply

Infoblox Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Infoblox Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.