Spark Investment Management LLC Takes Position in Finjan Holdings, Inc. (FNJN)
Spark Investment Management LLC acquired a new position in shares of Finjan Holdings, Inc. (NASDAQ:FNJN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 130,300 shares of the software maker’s stock, valued at approximately $427,000. Spark Investment Management LLC owned approximately 0.56% of Finjan Holdings as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC boosted its position in shares of Finjan Holdings by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 122,200 shares of the software maker’s stock worth $138,000 after buying an additional 13,700 shares during the period. Institutional investors and hedge funds own 18.62% of the company’s stock.
Finjan Holdings, Inc. (NASDAQ FNJN) opened at 2.68 on Monday. The firm has a market cap of $73.60 million, a PE ratio of 7.44 and a beta of -0.79. Finjan Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $4.06. The firm’s 50-day moving average is $3.24 and its 200 day moving average is $2.33.
Finjan Holdings (NASDAQ:FNJN) last issued its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.17. Finjan Holdings had a net margin of 37.53% and a return on equity of 280.12%. The firm had revenue of $2.31 million during the quarter, compared to analyst estimates of $2.32 million. Equities research analysts predict that Finjan Holdings, Inc. will post $0.42 EPS for the current year.
Several research analysts have commented on FNJN shares. B. Riley reiterated a “buy” rating and set a $4.00 price target on shares of Finjan Holdings in a report on Wednesday, August 9th. TheStreet upgraded shares of Finjan Holdings from a “d-” rating to a “c” rating in a report on Monday, June 12th.
In other Finjan Holdings news, major shareholder Corp Bcpi sold 13,000 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $3.29, for a total value of $42,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Seed Iv L. P. Israel sold 85,680 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $3.06, for a total transaction of $262,180.80. Following the completion of the sale, the insider now directly owns 3,603,999 shares of the company’s stock, valued at approximately $11,028,236.94. The disclosure for this sale can be found here. Insiders sold 1,953,311 shares of company stock valued at $6,496,142 in the last ninety days. 9.64% of the stock is owned by corporate insiders.
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