Finjan Holdings, Inc. (FNJN) Major Shareholder Seed Iv L. P. Israel Sells 50,000 Shares
Finjan Holdings, Inc. (NASDAQ:FNJN) major shareholder Seed Iv L. P. Israel sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $2.02, for a total transaction of $101,000.00. Following the transaction, the insider now owns 3,994,407 shares of the company’s stock, valued at approximately $8,068,702.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Finjan Holdings, Inc. (NASDAQ:FNJN) traded up 1.35% during mid-day trading on Friday, reaching $3.01. 344,802 shares of the company traded hands. The stock’s market capitalization is $69.65 million. The company’s 50-day moving average is $2.00 and its 200-day moving average is $1.52. Finjan Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $3.10.
Finjan Holdings (NASDAQ:FNJN) last released its quarterly earnings results on Monday, March 27th. The software maker reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.29. The firm had revenue of $8.40 million during the quarter, compared to analyst estimates of $4.88 million. Finjan Holdings had a negative return on equity of 193.56% and a negative net margin of 33.10%. Equities analysts predict that Finjan Holdings, Inc. will post ($0.04) earnings per share for the current fiscal year.
Separately, B. Riley reissued a “buy” rating and issued a $4.00 price target on shares of Finjan Holdings in a research report on Tuesday.
An institutional investor recently raised its position in Finjan Holdings stock. Renaissance Technologies LLC increased its stake in Finjan Holdings, Inc. (NASDAQ:FNJN) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,700 shares of the software maker’s stock after buying an additional 13,500 shares during the period. Renaissance Technologies LLC owned about 0.59% of Finjan Holdings worth $236,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.72% of the company’s stock.
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