Finjan Holdings, Inc. (NASDAQ:FNJN) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $6.67 for the company and are forecasting that the company will post $1.48 EPS for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 189 out of 265 based on the ratings given to related companies.
Separately, B. Riley increased their price objective on Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd.
In other news, major shareholder Seed Iv L. P. Israel sold 13,180 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $2.30, for a total value of $30,314.00. Following the completion of the sale, the insider now directly owns 2,810,503 shares of the company’s stock, valued at $6,464,156.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Corp Bcpi sold 760,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $2.53, for a total value of $1,922,800.00. The disclosure for this sale can be found here. Insiders sold 1,972,587 shares of company stock valued at $5,253,362 over the last three months. 9.64% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of FNJN. B. Riley Financial Inc. lifted its position in Finjan by 24.0% in the third quarter. B. Riley Financial Inc. now owns 2,063,351 shares of the software maker’s stock worth $4,849,000 after purchasing an additional 399,032 shares during the period. Dimensional Fund Advisors LP lifted its position in Finjan by 128.4% in the third quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock worth $942,000 after purchasing an additional 225,251 shares during the period. Vanguard Group Inc. lifted its position in Finjan by 793.0% in the second quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after purchasing an additional 199,987 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Finjan in the fourth quarter worth $420,000. Finally, Macquarie Group Ltd. bought a new position in Finjan in the third quarter worth $200,000. 35.68% of the stock is owned by hedge funds and other institutional investors.
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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