FireEye Inc (NASDAQ:FEYE) EVP William T. Robbins sold 50,000 shares of FireEye stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $19.05, for a total value of $952,500.00. Following the completion of the transaction, the executive vice president now directly owns 274,444 shares in the company, valued at approximately $5,228,158.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
NASDAQ FEYE traded down $0.74 during trading on Friday, reaching $18.67. 6,884,783 shares of the company’s stock were exchanged, compared to its average volume of 4,092,402. FireEye Inc has a fifty-two week low of $13.40 and a fifty-two week high of $19.56. The firm has a market capitalization of $3.29 billion, a PE ratio of -17.13 and a beta of 0.39. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.42.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, October 30th. The information security company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. FireEye had a negative return on equity of 22.77% and a negative net margin of 33.32%. The firm had revenue of $211.65 million during the quarter, compared to analyst estimates of $208.46 million. During the same period last year, the company posted ($0.04) EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts anticipate that FireEye Inc will post -0.79 EPS for the current year.
A number of equities analysts recently weighed in on the company. Evercore ISI reissued a “buy” rating and issued a $22.00 price target on shares of FireEye in a research note on Thursday, August 23rd. BMO Capital Markets dropped their price target on FireEye from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, August 2nd. BidaskClub raised FireEye from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Wedbush reissued a “neutral” rating and issued a $16.00 price target on shares of FireEye in a research note on Thursday, August 2nd. Finally, Zacks Investment Research cut FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.78.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning boosted its position in FireEye by 0.9% during the 2nd quarter. Creative Planning now owns 348,391 shares of the information security company’s stock worth $5,362,000 after acquiring an additional 3,148 shares during the period. Essex Investment Management Co. LLC boosted its position in FireEye by 17.1% during the 2nd quarter. Essex Investment Management Co. LLC now owns 21,859 shares of the information security company’s stock worth $336,000 after acquiring an additional 3,192 shares during the period. United Services Automobile Association boosted its position in FireEye by 12.5% during the 2nd quarter. United Services Automobile Association now owns 29,722 shares of the information security company’s stock worth $457,000 after acquiring an additional 3,309 shares during the period. Voya Investment Management LLC boosted its position in FireEye by 9.8% during the 2nd quarter. Voya Investment Management LLC now owns 52,688 shares of the information security company’s stock worth $811,000 after acquiring an additional 4,721 shares during the period. Finally, Bank of Montreal Can boosted its position in FireEye by 0.8% during the 3rd quarter. Bank of Montreal Can now owns 609,428 shares of the information security company’s stock worth $10,359,000 after acquiring an additional 4,751 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.
FireEye Company Profile
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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