Insider Selling: Aerohive Networks Inc (HIVE) VP Sells $54,705.44 in Stock

Aerohive Networks Inc (NYSE:HIVE) VP Stephen Debenham sold 15,112 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $3.62, for a total transaction of $54,705.44. Following the completion of the transaction, the vice president now directly owns 307,732 shares of the company’s stock, valued at $1,113,989.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

HIVE stock opened at $3.58 on Friday. Aerohive Networks Inc has a fifty-two week low of $3.54 and a fifty-two week high of $6.50. The firm has a market capitalization of $201.11 million, a P/E ratio of -8.73 and a beta of 1.10.

Hedge funds have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY purchased a new position in Aerohive Networks during the second quarter worth $4,183,000. Renaissance Technologies LLC boosted its stake in Aerohive Networks by 22.9% during the third quarter. Renaissance Technologies LLC now owns 2,855,110 shares of the communications equipment provider’s stock worth $11,763,000 after buying an additional 532,410 shares during the period. Panagora Asset Management Inc. boosted its stake in Aerohive Networks by 120.5% during the third quarter. Panagora Asset Management Inc. now owns 533,410 shares of the communications equipment provider’s stock worth $2,198,000 after buying an additional 291,482 shares during the period. JPMorgan Chase & Co. boosted its stake in Aerohive Networks by 213.8% during the third quarter. JPMorgan Chase & Co. now owns 363,770 shares of the communications equipment provider’s stock worth $1,499,000 after buying an additional 247,850 shares during the period. Finally, State Treasurer State of Michigan purchased a new position in Aerohive Networks during the third quarter worth $1,018,000. 52.65% of the stock is owned by hedge funds and other institutional investors.

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About Aerohive Networks

Aerohive Networks, Inc, together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services.

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