Finjan Holdings, Inc. (NASDAQ:FNJN) major shareholder Seed Iv L. P. Israel sold 9,425 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $2.30, for a total transaction of $21,677.50. Following the completion of the transaction, the insider now directly owns 2,853,358 shares of the company’s stock, valued at $6,562,723.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Finjan Holdings, Inc. (FNJN) opened at $2.29 on Wednesday. Finjan Holdings, Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $4.06. The firm has a market cap of $63.73, a price-to-earnings ratio of 4.32 and a beta of 0.78.
Finjan (NASDAQ:FNJN) last posted its earnings results on Thursday, November 9th. The software maker reported ($0.16) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.16). Finjan had a net margin of 37.53% and a return on equity of 100.25%. analysts anticipate that Finjan Holdings, Inc. will post 0.6 EPS for the current fiscal year.
Separately, B. Riley raised their target price on shares of Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new position in shares of Finjan in the second quarter valued at $132,000. Goldman Sachs Group Inc. purchased a new position in Finjan during the second quarter worth $148,000. Arrowstreet Capital Limited Partnership purchased a new position in Finjan during the second quarter worth $162,000. Macquarie Group Ltd. purchased a new position in Finjan during the third quarter worth $200,000. Finally, Navellier & Associates Inc purchased a new position in Finjan during the second quarter worth $201,000. 33.68% of the stock is owned by hedge funds and other institutional investors.
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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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