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 stock was sold at an average price of $3.62, for a total transaction of $54,705.44. Following the transaction, the vice president now directly owns 307,732 shares of the company’s stock, valued at approximately $1,113,989.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Aerohive Networks stock traded down $0.03 during trading on Thursday, hitting $3.59. 17,197 shares of the company’s stock were exchanged, compared to its average volume of 253,299. Aerohive Networks Inc has a 52-week low of $3.54 and a 52-week high of $6.50. The stock has a market cap of $201.11 million, a PE ratio of -8.76 and a beta of 1.10.

Institutional investors have recently modified their holdings of the stock. Jefferies Group LLC purchased a new position in Aerohive Networks in the third quarter valued at $117,000. Engineers Gate Manager LP purchased a new position in Aerohive Networks in the second quarter valued at $151,000. Balter Liquid Alternatives LLC purchased a new position in Aerohive Networks in the second quarter valued at $157,000. Bessemer Group Inc. purchased a new position in Aerohive Networks in the third quarter valued at $172,000. Finally, Standard Life Aberdeen plc purchased a new position in Aerohive Networks in the third quarter valued at $233,000. 52.65% of the stock is owned by hedge funds and other institutional investors.

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Aerohive Networks Company Profile

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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