Shares of Finjan Holdings Inc (NASDAQ:FNJN) saw strong trading volume on Tuesday . 32,387 shares changed hands during mid-day trading, a decline of 93% from the previous session’s volume of 494,407 shares.The stock last traded at $4.98 and had previously closed at $5.08.
Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Finjan from a “hold” rating to a “buy” rating in a research note on Monday. TheStreet upgraded Finjan from a “c+” rating to a “b-” rating in a research note on Tuesday, August 14th.
The firm has a market capitalization of $117.42 million, a P/E ratio of 14.46 and a beta of -0.69.
Finjan (NASDAQ:FNJN) last announced its earnings results on Thursday, August 2nd. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.30. The business had revenue of $17.30 million during the quarter, compared to analyst estimates of $7.50 million. Sell-side analysts forecast that Finjan Holdings Inc will post 1.49 EPS for the current fiscal year.
In related news, CEO Philip Hartstein sold 33,750 shares of Finjan stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $5.01, for a total value of $169,087.50. Following the transaction, the chief executive officer now directly owns 72,750 shares of the company’s stock, valued at $364,477.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael David Noonan sold 23,502 shares of Finjan stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $5.01, for a total transaction of $117,745.02. Following the completion of the transaction, the chief financial officer now directly owns 59,500 shares in the company, valued at $298,095. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,252 shares of company stock worth $308,633. Company insiders own 8.81% of the company’s stock.
Large investors have recently modified their holdings of the company. Sphinx Trading LP acquired a new position in shares of Finjan during the second quarter worth $153,000. BlackRock Inc. lifted its holdings in shares of Finjan by 144.4% during the second quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock worth $186,000 after purchasing an additional 32,313 shares during the period. Spark Investment Management LLC acquired a new position in shares of Finjan during the second quarter worth $235,000. Fondren Management LP acquired a new position in shares of Finjan during the second quarter worth $350,000. Finally, Alambic Investment Management L.P. acquired a new position in shares of Finjan during the second quarter worth $494,000. Institutional investors own 55.79% of the company’s stock.
Finjan Company Profile (NASDAQ:FNJN)
Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.
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