Finjan Holdings, Inc. (FNJN) Downgraded by TheStreet to D+
Separately, B. Riley restated a buy rating and set a $4.00 target price on shares of Finjan Holdings in a report on Tuesday, May 16th.
Finjan Holdings (FNJN) opened at 2.46 on Monday. Finjan Holdings has a 52-week low of $1.00 and a 52-week high of $4.06. The company has a 50-day moving average of $2.98 and a 200-day moving average of $2.40. The company has a market cap of $67.56 million, a P/E ratio of 6.87 and a beta of -0.79.
Finjan Holdings (NASDAQ:FNJN) last announced its earnings results on Thursday, August 10th. The software maker reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.17. Finjan Holdings had a net margin of 37.53% and a return on equity of 169.10%. The business had revenue of $2.31 million for the quarter, compared to the consensus estimate of $2.32 million. On average, equities research analysts expect that Finjan Holdings will post $0.18 earnings per share for the current fiscal year.
In other news, major shareholder Seed Iv L. P. Israel sold 59,077 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $3.49, for a total transaction of $206,178.73. Following the sale, the insider now owns 3,275,128 shares in the company, valued at approximately $11,430,196.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Corp Bcpi sold 32,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $3.06, for a total transaction of $97,920.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,469,837 shares of company stock worth $4,910,757. Company insiders own 9.64% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. B. Riley Financial Inc. bought a new position in Finjan Holdings during the second quarter valued at about $5,459,000. Vanguard Group Inc. raised its position in Finjan Holdings by 793.0% in the second quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock valued at $739,000 after buying an additional 199,987 shares in the last quarter. Equitec Proprietary Markets LLC bought a new position in Finjan Holdings during the second quarter valued at about $656,000. Dimensional Fund Advisors LP bought a new position in Finjan Holdings during the second quarter valued at about $576,000. Finally, Renaissance Technologies LLC raised its position in Finjan Holdings by 11.0% in the first quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock valued at $236,000 after buying an additional 13,500 shares in the last quarter. 27.91% of the stock is owned by hedge funds and other institutional investors.
About Finjan Holdings
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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