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Gigamon (NASDAQ:GIMO) CTO Patrick P. Leong sold 1,848 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $20.02, for a total transaction of $36,996.96. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on GIMO shares. Analysts at Zacks upgraded shares of Gigamon from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $19.90 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Gigamon from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $25.00 price target on the stock, up previously from $20.00. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Gigamon has a consensus rating of “Buy” and an average target price of $31.97.

Gigamon (NASDAQ:GIMO) traded down 0.98% on Wednesday, hitting $19.25. The stock had a trading volume of 390,430 shares. Gigamon has a 52-week low of $14.75 and a 52-week high of $41.81. The stock has a 50-day moving average of $17.6 and a 200-day moving average of $25.16. The company’s market cap is $614.1 million.

Gigamon (NASDAQ:GIMO) last announced its earnings results on Thursday, April 24th. The company reported ($0.07) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.07). The company had revenue of $31.80 million for the quarter, compared to the consensus estimate of $31.30 million. During the same quarter last year, the company posted $0.02 earnings per share. Gigamon’s revenue was up 23.3% compared to the same quarter last year. On average, analysts predict that Gigamon will post $0.33 earnings per share 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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