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Aruba Networks Inc. (ARUN) President and CEO Dominic P Orr sells 17,500 Shares

January 26, 2011 | About:
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insider

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President and CEO of Aruba Networks Inc. (ARUN) Dominic P Orr sells 17,500 shares of ARUN on 01/24/2011 at an average price of $21.14 a share.

Aruba Networks has a market cap of $2.15 billion; its shares were traded at around $21.89 with and P/S ratio of 8.1.

Hedge Fund Gurus that owns ARUN: Steven Cohen of SAC Capital Advisors, Bruce Kovner of Caxton Associates, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns ARUN: RS Investment Management.

This is the annual revenues and earnings per share of ARUN over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ARUN.


CEO Recent Trades:


  • Sell: President and CEO Dominic P Orr sold 12,700 shares of ARUN stock on 01/18/2011 at the average price of 25.57. Dominic P Orr owns at least 1,884,582 shares after this. The price of the stock has decreased by 14.39% since.

  • Sell: President and CEO Dominic P Orr sold 12,700 shares of ARUN stock on 01/03/2011 at the average price of 22.15. Dominic P Orr owns at least 1,884,582 shares after this. The price of the stock has decreased by 1.17% since.

  • Sell: President and CEO Dominic P Orr sold 12,700 shares of ARUN stock on 12/20/2010 at the average price of 22.55. Dominic P Orr owns at least 1,884,582 shares after this. The price of the stock has decreased by 2.93% since.

  • Sell: President and CEO Dominic P Orr sold 30,200 shares of ARUN stock on 12/06/2010 at the average price of 22.7. Dominic P Orr owns at least 1,884,582 shares after this. The price of the stock has decreased by 3.57% since.

  • Sell: President and CEO Dominic P Orr sold 17,500 shares of ARUN stock on 11/08/2010 at the average price of 23.14. Dominic P Orr owns at least 1,902,017 shares after this. The price of the stock has decreased by 5.4% since.


CFO Recent Trades:


  • Sell: CFO Steffan Tomlinson sold 50,000 shares of ARUN stock on 12/20/2010 at the average price of 22.55. Steffan Tomlinson owns at least 14,749 shares after this. The price of the stock has decreased by 2.93% since.

  • Sell: CFO Steffan Tomlinson sold 50,000 shares of ARUN stock on 11/23/2010 at the average price of 23.32. Steffan Tomlinson owns at least 14,749 shares after this. The price of the stock has decreased by 6.13% since.

  • Sell: CFO Steffan Tomlinson sold 50,000 shares of ARUN stock on 10/11/2010 at the average price of 20.03. Steffan Tomlinson owns at least 14,749 shares after this. The price of the stock has increased by 9.29% since.

  • Sell: CFO Steffan Tomlinson sold 44,333 shares of ARUN stock on 08/30/2010 at the average price of 18.17. Steffan Tomlinson owns at least 7,651 shares after this. The price of the stock has increased by 20.47% since.



This is the insider trade history vs. stock price of ARUN. For the complete insider trading history of ARUN, click here.




Directors and Officers Recent Trades:


  • Sell: COO Hitesh Sheth sold 15,000 shares of ARUN stock on 01/03/2011 at the average price of 21.33. Hitesh Sheth owns at least 5,793 shares after this. The price of the stock has increased by 2.63% since.

  • Sell: Director Bernard Guidon sold 2,000 shares of ARUN stock on 12/01/2010 at the average price of 22.03. Bernard Guidon owns at least 6,000 shares after this. The price of the stock has decreased by 0.64% since.

  • Sell: Director Douglas M Leone sold 137,408 shares of ARUN stock on 12/01/2010 at the average price of 22.78. Douglas M Leone owns at least 500,725 shares after this. The price of the stock has decreased by 3.91% since.

  • Sell: COO Hitesh Sheth sold 15,000 shares of ARUN stock on 12/01/2010 at the average price of 22.03. Hitesh Sheth owns at least 5,793 shares after this. The price of the stock has decreased by 0.64% since.

  • Sell: Director Daniel J Warmenhoven sold 10,000 shares of ARUN stock on 11/29/2010 at the average price of 23.06. Daniel J Warmenhoven owns at least 400,945 shares after this. The price of the stock has decreased by 5.07% since.



For the complete insider trading history of ARUN, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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