Finjan Holdings Inc (NASDAQ:FNJN) – Equities research analysts at B. Riley raised their Q4 2018 earnings estimates for shares of Finjan in a report issued on Tuesday, October 30th. B. Riley analyst M. Crawford now expects that the software maker will post earnings per share of $0.27 for the quarter, up from their prior estimate of $0.22.
Finjan (NASDAQ:FNJN) last posted its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.30. The firm had revenue of $17.30 million for the quarter, compared to analysts’ expectations of $7.50 million.
FNJN opened at $3.64 on Wednesday. The firm has a market cap of $95.36 million, a price-to-earnings ratio of 10.40 and a beta of -0.70. Finjan has a 1 year low of $1.66 and a 1 year high of $5.54.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Finjan by 208.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,325 shares of the software maker’s stock worth $150,000 after purchasing an additional 23,206 shares during the period. Sphinx Trading LP bought a new stake in shares of Finjan during the 2nd quarter worth $153,000. BlackRock Inc. raised its stake in shares of Finjan by 144.4% during the 2nd quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock worth $186,000 after purchasing an additional 32,313 shares during the period. Spark Investment Management LLC bought a new stake in shares of Finjan during the 2nd quarter worth $235,000. Finally, Fondren Management LP bought a new stake in shares of Finjan during the 2nd quarter worth $350,000. Institutional investors own 54.53% of the company’s stock.
In other Finjan news, Director Daniel Robert Chinn sold 5,000 shares of Finjan stock in a transaction on Monday, October 8th. The shares were sold at an average price of $5.48, for a total transaction of $27,400.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $27,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Philip Hartstein sold 77,500 shares of Finjan stock in a transaction on Monday, October 8th. The stock was sold at an average price of $5.15, for a total transaction of $399,125.00. Following the transaction, the chief executive officer now directly owns 130,250 shares in the company, valued at $670,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 87,500 shares of company stock worth $448,325 over the last ninety days. Insiders own 8.81% of the company’s stock.
Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. 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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