Gigamon Inc. (GIMO) Files Form 4 Insider Selling : Mike Burns Sells 2,068 Shares

Gigamon Inc. (GIMO): Mike Burns , Chief Financial Officer of Gigamon Inc. sold 2,068 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $54.24 per share for a total value of $112,168.32 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 20, 2016, Mike Burns (Chief Financial Officer) sold 1,000 shares at $52.10 per share price.On Sep 12, 2016, Ted C Ho (director) sold 60,000 shares at $46.03 per share price.Also, On Aug 24, 2016, Helmut Wilke (Sr. VP Worldwide Sales) sold 4,000 shares at $45.24 per share price.On Aug 23, 2016, Shehzad Merchant (Chief Technology Officer) sold 3,818 shares at $45.22 per share price.

Gigamon Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Gigamon Inc which led to swings in the share price. The shares opened for trading at $54.24 and hit $54.959 on the upside , eventually ending the session at $54.01, with a gain of 0.37% or 0.2 points. The heightened volatility saw the trading volume jump to 6,82,627 shares. The 52-week high of the share price is $55 and the company has a market cap of $1,905 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 Resumed by Stifel to Hold. The Rating was issued on Aug 30, 2016.Gigamon Inc is Initiated by Rosenblatt to Buy and the brokerage firm has set the Price Target at $55. The Rating was issued on Aug 1, 2016.Gigamon Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $50 .The Rating was issued on Jul 29, 2016.Gigamon Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $40 .The Rating was issued on Jul 18, 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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