Finjan Holdings, Inc. (NASDAQ:FNJN)’s share price traded down 0% during mid-day trading on Friday . The stock traded as low as $2.71 and last traded at $2.85. 1,863,254 shares were traded during trading, an increase of 171% from the average session volume of 686,431 shares. The stock had previously closed at $2.85.
Separately, B. Riley upped their price objective on shares of Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd.
The company has a market cap of $79.00, a PE ratio of 6.20 and a beta of -0.69.
Finjan (NASDAQ:FNJN) last posted its quarterly earnings results on Wednesday, March 14th. The software maker reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.14). The business had revenue of $23.43 million for the quarter, compared to the consensus estimate of $23.40 million. sell-side analysts expect that Finjan Holdings, Inc. will post 1.16 EPS for the current year.
In other Finjan news, major shareholder Corp Bcpi sold 278,668 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $2.85, for a total transaction of $794,203.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Seed Iv L. P. Israel sold 13,180 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $2.30, for a total transaction of $30,314.00. Following the transaction, the insider now directly owns 2,810,503 shares in the company, valued at approximately $6,464,156.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,919,867 shares of company stock worth $5,125,805. 9.64% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Globeflex Capital L P raised its stake in Finjan by 39.2% during the fourth quarter. Globeflex Capital L P now owns 76,700 shares of the software maker’s stock worth $166,000 after purchasing an additional 21,600 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Finjan in the third quarter worth $200,000. Deutsche Bank AG increased its position in shares of Finjan by 16.6% in the fourth quarter. Deutsche Bank AG now owns 150,400 shares of the software maker’s stock worth $324,000 after acquiring an additional 21,400 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Finjan in the fourth quarter worth $420,000. Finally, Vanguard Group Inc. increased its position in shares of Finjan by 793.0% in the second quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after acquiring an additional 199,987 shares in the last quarter. 35.68% of the stock is currently owned by institutional investors.
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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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