Aruba Networks, Inc. (NASDAQ:ARUN), watched as a high level insider lowered their exposure to the company through a transaction that began earlier this week, and was officially filed today, August 14th. President and Chief Executive Officer Dominic P. Orr sold 5,000 shares of common stock at average prices ranging from $18.39 to $18.67 per share. Following the completion of this transaction, Orr now holds a total of 200,000 shares directly, and has 1,411,209 shares invested in the company indirectly. Aruba Networks, Inc. (NASDAQ:ARUN), is a $2.1 billion market cap company is a provider of next-generation network access solutions for mobile enterprise networks.
In addition, the largest outside involvement in the company comes from Andor Capital Management, the hedge fund controlled by Daniel Benton. This fund increased its activity by 50% last quarter, and now has 1,500,000 shares worth about $28.1 million invested in Aruba Networks, Inc. (NASDAQ:ARUN).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.