Shares of Finjan Holdings, Inc. (NASDAQ:FNJN) saw unusually-strong trading volume on Thursday . Approximately 853,565 shares were traded during trading, an increase of 25% from the previous session’s volume of 681,276 shares.The stock last traded at $3.16 and had previously closed at $3.16.
Separately, B. Riley reiterated a “buy” rating and set a $4.00 price objective on shares of Finjan in a report on Tuesday, November 21st.
The firm has a market capitalization of $86.72, a price-to-earnings ratio of 7.71 and a beta of -0.71.
In related news, major shareholder Seed Iv L. P. Israel sold 13,180 shares of Finjan stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $2.30, for a total transaction of $30,314.00. Following the completion of the sale, the insider now owns 2,810,503 shares in the company, valued at approximately $6,464,156.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Seed Iv L. P. Israel sold 27,020 shares of Finjan stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $2.50, for a total transaction of $67,550.00. Following the sale, the insider now owns 2,975,045 shares of the company’s stock, valued at approximately $7,437,612.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,122,787 shares of company stock valued at $5,636,824 in the last quarter. 9.64% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FNJN. B. Riley Financial Inc. lifted its holdings in Finjan by 24.0% during the 3rd quarter. B. Riley Financial Inc. now owns 2,063,351 shares of the software maker’s stock valued at $4,849,000 after buying an additional 399,032 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Finjan by 128.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock valued at $942,000 after purchasing an additional 225,251 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Finjan by 793.0% in the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock valued at $739,000 after purchasing an additional 199,987 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Finjan in the 4th quarter valued at about $420,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Finjan in the 3rd quarter valued at about $200,000. Institutional investors own 35.71% of the company’s stock.
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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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