Finjan (FNJN) Trading Up 15.3%

Finjan Holdings Inc (NASDAQ:FNJN) shares were up 15.3% during trading on Thursday . The stock traded as high as $3.09 and last traded at $3.01. Approximately 716,871 shares traded hands during trading, an increase of 53% from the average daily volume of 467,663 shares. The stock had previously closed at $2.61.

Several research analysts have commented on FNJN shares. TheStreet raised shares of Finjan from a “c+” rating to a “b-” rating in a research note on Tuesday, August 14th. ValuEngine lowered shares of Finjan from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th.

The stock has a market capitalization of $71.89 million, a price-to-earnings ratio of 2.17 and a beta of -0.49.

Finjan (NASDAQ:FNJN) last released its earnings results on Tuesday, November 13th. The software maker reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.18). Research analysts predict that Finjan Holdings Inc will post 1.31 earnings per share for the current fiscal year.

In other news, Director Daniel Robert Chinn sold 5,000 shares of Finjan stock in a transaction on Monday, October 8th. The stock was sold at an average price of $5.48, for a total transaction of $27,400.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $27,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $399,125.00. Following the sale, the chief executive officer now owns 130,250 shares of the company’s stock, valued at $670,787.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock valued at $448,325. Corporate insiders own 8.81% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Fondren Management LP bought a new stake in shares of Finjan during the second quarter worth $350,000. Spark Investment Management LLC bought a new stake in shares of Finjan during the second quarter worth $235,000. BlackRock Inc. lifted its position in shares of Finjan by 144.4% during the second 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 last quarter. Bailard Inc. lifted its position in shares of Finjan by 13.9% during the second quarter. Bailard Inc. now owns 184,100 shares of the software maker’s stock worth $626,000 after purchasing an additional 22,400 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in shares of Finjan during the third quarter worth $529,000. Institutional investors and hedge funds own 58.94% of the company’s stock.

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About Finjan (NASDAQ:FNJN)

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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