Seed Iv L. P. Israel Sells 82,079 Shares of Finjan Holdings, Inc. (FNJN) Stock
Finjan Holdings, Inc. (NASDAQ:FNJN) major shareholder Seed Iv L. P. Israel sold 82,079 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $3.50, for a total transaction of $287,276.50. Following the sale, the insider now directly owns 3,407,600 shares in the company, valued at approximately $11,926,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Finjan Holdings, Inc. (NASDAQ:FNJN) traded down 12.09% on Friday, hitting $2.98. 1,146,818 shares of the stock traded hands. The stock has a market cap of $69.05 million, a price-to-earnings ratio of 6.41 and a beta of -0.25. Finjan Holdings, Inc. has a 52-week low of $1.00 and a 52-week high of $3.60. The company’s 50 day moving average price is $2.22 and its 200-day moving average price is $1.58.
Finjan Holdings (NASDAQ:FNJN) last released its earnings results on Monday, March 27th. The software maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.29. Finjan Holdings had a negative net margin of 33.10% and a negative return on equity of 193.56%. The company had revenue of $8.40 million for the quarter, compared to analysts’ expectations of $4.88 million. On average, analysts forecast that Finjan Holdings, Inc. will post $0.42 earnings per share for the current fiscal year.
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A hedge fund recently raised its stake in Finjan Holdings stock. Renaissance Technologies LLC boosted its position in shares of Finjan Holdings, Inc. (NASDAQ:FNJN) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 122,200 shares of the software maker’s stock after buying an additional 13,700 shares during the period. Renaissance Technologies LLC owned about 0.53% of Finjan Holdings worth $138,000 at the end of the most recent quarter. Institutional investors own 27.72% of the company’s stock.
Separately, B. Riley reissued a “buy” rating and set a $2.75 target price on shares of Finjan Holdings in a report on Wednesday, March 29th.
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