Gigamon Inc. (GIMO) Files Form 4 Insider Selling : Mike Burns Sells 16,000 Shares

Gigamon Inc. (GIMO): Mike Burns , Chief Financial Officer of Gigamon Inc. sold 16,000 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $40.00 per share for a total value of $640,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Mike Burns (Chief Financial Officer) sold 2,068 shares at $37.27 per share price.On May 31, 2016, Sachi Sambandan (Sr. VP Engineering) sold 14,400 shares at $31.03 per share price.Also, On May 31, 2016, Helmut Wilke (Sr. VP Worldwide Sales) sold 8,000 shares at $31.09 per share price.On May 26, 2016, Ted C Ho (director) sold 60,000 shares at $30.90 per share price.

Gigamon Inc: On Friday, Jul 8, 2016 heightened volatility was witnessed in Gigamon Inc which led to swings in the share price. The shares opened for trading at $39.5 and hit $40 on the upside , eventually ending the session at $39.73, with a gain of 1.17% or 0.46 points. The heightened volatility saw the trading volume jump to 5,29,658 shares. The 52-week high of the share price is $40 and the company has a market cap of $1,388 M . The 52-week low of the share price is at $18.93.

Gigamon Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Gigamon Inc is Initiated by Northland Capital to Outperform. The Rating was issued on Jun 22, 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.

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