Finjan (NASDAQ:FNJN) had its target price raised by B. Riley from $4.00 to $5.00 in a report issued on Tuesday morning, Marketbeat reports. B. Riley currently has a buy rating on the software maker’s stock. B. Riley also issued estimates for Finjan’s Q4 2017 earnings at $0.37 EPS and FY2017 earnings at $0.60 EPS.
Shares of Finjan (NASDAQ:FNJN) opened at $2.41 on Tuesday. The stock has a market cap of $66.77, a PE ratio of 4.55 and a beta of 0.78. Finjan has a 1-year low of $1.25 and a 1-year high of $4.06.
In other news, major shareholder Seed Iv L. P. Israel sold 27,020 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $2.50, for a total transaction of $67,550.00. Following the sale, the insider now owns 2,975,045 shares of the company’s stock, valued at approximately $7,437,612.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Corp Bcpi sold 47,500 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $2.16, for a total transaction of $102,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 323,501 shares of company stock worth $781,486. Insiders own 9.64% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. purchased a new position in shares of Finjan in the second quarter worth approximately $132,000. Goldman Sachs Group Inc. purchased a new position in shares of Finjan in the second quarter worth approximately $148,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Finjan in the second quarter worth approximately $162,000. Macquarie Group Ltd. purchased a new position in shares of Finjan in the third quarter worth approximately $200,000. Finally, Navellier & Associates Inc purchased a new position in shares of Finjan in the second quarter worth approximately $201,000. 33.68% of the stock is currently owned by hedge funds and other institutional investors.
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Finjan 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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