Finjan Holdings, Inc. (NASDAQ:FNJN) major shareholder Seed Iv L. P. Israel sold 25,109 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $2.20, for a total value of $55,239.80. Following the sale, the insider now owns 2,917,053 shares of the company’s stock, valued at $6,417,516.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Finjan Holdings, Inc. (FNJN) opened at $2.30 on Friday. Finjan Holdings, Inc. has a 12-month low of $1.28 and a 12-month high of $4.06. The company has a market capitalization of $61.79, a P/E ratio of 5.61 and a beta of -0.13.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. purchased a new stake in shares of Finjan during the second quarter worth approximately $132,000. Goldman Sachs Group Inc. purchased a new stake in shares of Finjan during the second quarter worth approximately $148,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Finjan during the second quarter worth approximately $162,000. Macquarie Group Ltd. purchased a new stake in shares of Finjan during the third quarter worth approximately $200,000. Finally, Navellier & Associates Inc purchased a new stake in shares of Finjan during the second quarter worth approximately $201,000. Hedge funds and other institutional investors own 33.68% of the company’s stock.
Separately, B. Riley boosted their price target on Finjan from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd.
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Finjan Company Profile
Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. 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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