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Gigamon (NASDAQ:GIMO) CTO Patrick P. Leong sold 9,474 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $31.43, for a total value of $297,767.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Gigamon from $28.00 to $34.00 in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Gigamon from a “neutral” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $38.00 price target on the stock, up previously from $37.00. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Gigamon presently has a consensus rating of “Hold” and a consensus target price of $34.83.

Shares of Gigamon (NASDAQ:GIMO) traded up 2.60% on Tuesday, hitting $32.71. 483,963 shares of the company’s stock traded hands. Gigamon has a 52-week low of $23.02 and a 52-week high of $41.81. The stock has a 50-day moving average of $30.38 and a 200-day moving average of $32.44. The company’s market cap is $1.022 billion.

Gigamon (NASDAQ:GIMO) last released its earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.98 million. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Analysts expect that Gigamon will post $0.49 EPS for the current fiscal year.

Gigamon Inc has developed solution that delivers visibility and control of traffic across networks. Its solution, which it refers to as its traffic visibility fabric, consists of distributed network appliances that provide an advanced level of network traffic intelligence.

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