Aerohive Networks, Inc. (NYSE:HIVE) reached 22.95% versus a 1-year low price of $3.66. The stock was last seen 4.9% higher, reaching at $4.5 on Thursday, May 18, 2017. At recent session, the prices were hovering between $4.32 and $4.53. This company shares are 37.33% off its target price of $6.18 and the current market capitalization stands at $234.95M. The recent change has given its price a 9.93% lead over SMA 50 and -39.6% deficit over its 52-week high. The stock witnessed 18.11% gains, -10.54% declines and -16.82% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HIVE’s volatility during a week at 3.02% and during a month it has been found around 3.38%.

Aerohive Networks, Inc. (HIVE) Top Holders

Institutional investors currently hold around $146 million or 65% in HIVE stock. Look at its top three institutional owners. Discovery Group I, Llc owns $20.05 million in Aerohive Networks, Inc., which represents roughly 8.53% of the company’s market cap and approximately 13.73% of the institutional ownership. Similar statistics are true for the second largest owner, Sqn Investors Lp, which owns 4,550,215 shares of the stock are valued at $19.52 million. The third largest holder is Murphy Michael R, which currently holds $18.68 million worth of this stock and that ownership represents nearly 7.95% of its market capitalization.

Aerohive Networks, Inc. 13F Filings

At the end of 03/31/2017 reporting period, 35 institutional holders increased their position in Aerohive Networks, Inc. (NYSE:HIVE) by some 4,688,623 shares, 26 decreased positions by 1,398,458 and 15 held positions by 27,978,165. That puts total institutional holdings at 34,065,246 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 668,533 shares while 5 institutional investors sold out their entire positions totaling 98,429 shares.

Aerohive Networks, Inc. (NYSE:HIVE) Insider Trades

Multiple company employees have indulged in significant insider trading. Aerohive Networks, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, CEO & Director FLYNN DAVID K. has acquired 40,000 shares of Aerohive Networks, Inc. (HIVE) in trading session dated May. 16, 2017. These shares are worth $172,000 and were traded at $4.3 each. The SEC filing shows that Ritchie John performed a purchase of 20,000 shares. The SVP, CFO & COO added these shares by way of transaction on May. 16, 2017. The company’s shares were assimilated at $4.31 per share worth to an investment of some $86,200 on account of Ritchie John.

SVP Worldwide Sales, Wilburn Thomas J, sold 20,000 common shares of Aerohive Networks, Inc. (HIVE) in the open market. In a transaction dated Dec. 16, 2016, the shares were put up for sale at an average price of $6, raking in a sum of $120,000. After this sale, 280,924 common shares of HIVE are directly owned by the insider, with total stake valued at $1,264,158.

In the transaction dated Dec. 05, 2016, the great number of shares disposed came courtesy the SVP Operations & Business PMO; Gernez Raphael disposed a total of 495 shares at an average price of $5.26, amounting to approximately $2,604. The insider now directly owns 93,181 shares worth $419,315.

Aerohive Networks, Inc. (HIVE) Analyst Guide

Several analysts have released their opinion on Aerohive Networks, Inc. (NYSE:HIVE), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.2 average brokerage recommendation.