$2.32 Million in Sales Expected for Finjan Holdings, Inc. (NASDAQ:FNJN) This Quarter

Equities analysts expect that Finjan Holdings, Inc. (NASDAQ:FNJN) will report $2.32 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Finjan Holdings’ earnings, with the lowest sales estimate coming in at $2.30 million and the highest estimate coming in at $2.34 million. Finjan Holdings posted sales of $6.53 million in the same quarter last year, which suggests a negative year-over-year growth rate of 64.5%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, August 10th.

On average, analysts expect that Finjan Holdings will report full year sales of $2.32 million for the current fiscal year, with estimates ranging from $34.50 million to $76.39 million. For the next financial year, analysts expect that the company will report sales of $21.75 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Finjan Holdings.

A number of analysts have commented on FNJN shares. TheStreet upgraded shares of Finjan Holdings from a “d-” rating to a “c” rating in a research note on Monday, June 12th. B. Riley restated a “buy” rating and set a $4.00 price target on shares of Finjan Holdings in a research note on Sunday, May 21st.

Shares of Finjan Holdings (NASDAQ:FNJN) traded down 1.60% on Wednesday, reaching $3.08. 103,183 shares of the company traded hands. Finjan Holdings has a one year low of $1.00 and a one year high of $4.06. The firm has a 50-day moving average price of $3.31 and a 200 day moving average price of $2.26. The company has a market capitalization of $71.36 million, a PE ratio of 6.62 and a beta of -0.79.

In other news, major shareholder Corp Bcpi sold 82,600 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $2.09, for a total value of $172,634.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Seed Iv L. P. Israel sold 82,079 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $3.50, for a total transaction of $287,276.50. Following the completion of the sale, the insider now owns 3,407,600 shares of the company’s stock, valued at approximately $11,926,600. The disclosure for this sale can be found here. Insiders have sold a total of 2,210,053 shares of company stock valued at $7,036,487 in the last 90 days. 9.64% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of FNJN. Equitec Proprietary Markets LLC purchased a new stake in Finjan Holdings during the second quarter valued at about $656,000. Spark Investment Management LLC purchased a new stake in Finjan Holdings during the second quarter valued at about $427,000. Finally, Renaissance Technologies LLC raised its stake in Finjan Holdings by 11.0% in the first quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock valued at $236,000 after buying an additional 13,500 shares during the last quarter. Hedge funds and other institutional investors own 23.79% of the company’s stock.

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