Philip Hartstein Sells 5,000 Shares of Finjan Holdings, Inc. (FNJN) Stock
Finjan Holdings, Inc. (NASDAQ:FNJN) CEO Philip Hartstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $2.35, for a total value of $11,750.00. Following the sale, the chief executive officer now directly owns 89,000 shares of the company’s stock, valued at $209,150. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Finjan Holdings, Inc. (NASDAQ FNJN) traded down 3.02% during midday trading on Thursday, reaching $2.25. The company’s stock had a trading volume of 43,566 shares. Finjan Holdings, Inc. has a one year low of $1.00 and a one year high of $4.06. The company has a market capitalization of $61.79 million, a P/E ratio of 6.28 and a beta of -0.52. The stock’s 50-day moving average is $2.33 and its 200-day moving average is $2.58.
Finjan Holdings (NASDAQ:FNJN) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.17). Finjan Holdings had a return on equity of 169.10% and a net margin of 37.53%. The firm had revenue of $2.31 million for the quarter, compared to analysts’ expectations of $2.32 million. On average, equities analysts expect that Finjan Holdings, Inc. will post $0.18 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spark Investment Management LLC purchased a new position in shares of Finjan Holdings during the second quarter worth $427,000. B. Riley Financial Inc. purchased a new position in shares of Finjan Holdings during the second quarter worth $5,459,000. Equitec Proprietary Markets LLC purchased a new position in shares of Finjan Holdings during the second quarter worth $656,000. Navellier & Associates Inc purchased a new position in shares of Finjan Holdings during the second quarter worth $201,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Finjan Holdings during the second quarter worth $162,000. Institutional investors and hedge funds own 34.19% of the company’s stock.
A number of brokerages recently issued reports on FNJN. TheStreet raised Finjan Holdings from a “d-” rating to a “c” rating in a research note on Monday, June 12th. B. Riley reissued a “buy” rating and set a $4.00 price target on shares of Finjan Holdings in a research note on Wednesday, August 9th.
Finjan Holdings Company Profile
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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