Finjan (FNJN) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Finjan (NASDAQ:FNJN) from a hold rating to a buy rating in a report published on Monday morning.

Separately, TheStreet upgraded shares of Finjan from a c+ rating to a b- rating in a research report on Tuesday, August 14th.

Shares of NASDAQ FNJN opened at $5.08 on Monday. Finjan has a one year low of $1.66 and a one year high of $5.54. The company has a market cap of $117.42 million, a price-to-earnings ratio of 14.51 and a beta of -0.69.

Finjan (NASDAQ:FNJN) last issued its quarterly earnings results on Thursday, August 2nd. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.30. The business had revenue of $17.30 million for the quarter, compared to the consensus estimate of $7.50 million. On average, equities research analysts predict that Finjan will post 1.49 EPS for the current fiscal year.

In other news, CEO Philip Hartstein sold 33,750 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $5.01, for a total value of $169,087.50. Following the transaction, the chief executive officer now owns 72,750 shares in the company, valued at $364,477.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael David Noonan sold 23,502 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $5.01, for a total transaction of $117,745.02. Following the completion of the transaction, the chief financial officer now owns 59,500 shares in the company, valued at approximately $298,095. The disclosure for this sale can be found here. Insiders have sold 62,252 shares of company stock worth $308,633 over the last quarter. Company insiders own 8.81% of the company’s stock.

Several institutional investors have recently modified their holdings of FNJN. Southpaw Asset Management LP bought a new position in shares of Finjan in the first quarter worth approximately $8,198,000. Acadian Asset Management LLC grew its holdings in shares of Finjan by 244.9% in the second quarter. Acadian Asset Management LLC now owns 492,314 shares of the software maker’s stock worth $1,674,000 after purchasing an additional 349,576 shares during the last quarter. Millennium Management LLC bought a new position in shares of Finjan in the second quarter worth approximately $880,000. Dimensional Fund Advisors LP grew its holdings in shares of Finjan by 42.1% in the second quarter. Dimensional Fund Advisors LP now owns 802,012 shares of the software maker’s stock worth $2,727,000 after purchasing an additional 237,555 shares during the last quarter. Finally, Equitec Proprietary Markets LLC grew its holdings in shares of Finjan by 133.2% in the second quarter. Equitec Proprietary Markets LLC now owns 350,168 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 55.79% of the company’s stock.

About Finjan

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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