Finjan Holdings, Inc. (NASDAQ:FNJN) shares were up 0% during trading on Tuesday . The stock traded as high as $2.44 and last traded at $2.40. Approximately 2,616,400 shares changed hands during trading, an increase of 543% from the average daily volume of 406,723 shares. The stock had previously closed at $2.40.
Separately, B. Riley reaffirmed a “buy” rating and set a $4.00 target price on shares of Finjan in a report on Friday, November 10th.
The company has a market cap of $49.04, a price-to-earnings ratio of 5.85 and a beta of -0.17.
In other news, major shareholder Corp Bcpi sold 47,500 shares of Finjan stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $2.16, for a total value of $102,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seed Iv L. P. Israel sold 25,109 shares of Finjan stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $2.20, for a total value of $55,239.80. Following the completion of the transaction, the insider now directly owns 2,917,053 shares of the company’s stock, valued at $6,417,516.60. The disclosure for this sale can be found here. Insiders have sold a total of 436,433 shares of company stock worth $1,056,219 over the last ninety days. Company insiders own 9.64% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. bought a new position in shares of Finjan in the 2nd quarter worth about $132,000. Goldman Sachs Group Inc. bought a new position in shares of Finjan in the 2nd quarter worth about $148,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Finjan in the 2nd quarter worth about $162,000. Navellier & Associates Inc bought a new position in shares of Finjan in the 2nd quarter worth about $201,000. Finally, Globeflex Capital L P raised its position in shares of Finjan by 39.2% in the 4th quarter. Globeflex Capital L P now owns 76,700 shares of the software maker’s stock worth $166,000 after acquiring an additional 21,600 shares in the last quarter. 33.77% 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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