Insider Selling: Finjan Holdings, Inc. (FNJN) Major Shareholder Sells $21,677.50 in Stock

Finjan Holdings, Inc. (NASDAQ:FNJN) major shareholder Seed Iv L. P. Israel sold 9,425 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $2.30, for a total transaction of $21,677.50. Following the transaction, the insider now owns 2,853,358 shares in the company, valued at approximately $6,562,723.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Finjan Holdings, Inc. (FNJN) opened at $2.26 on Friday. Finjan Holdings, Inc. has a 1 year low of $1.28 and a 1 year high of $4.06. The stock has a market cap of $60.68, a price-to-earnings ratio of 5.51 and a beta of -0.13.

Finjan (NASDAQ:FNJN) last released its earnings results on Thursday, November 9th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.16). Finjan had a net margin of 37.53% and a return on equity of 100.25%. equities research analysts expect that Finjan Holdings, Inc. will post 0.6 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new position in shares of Finjan during the 2nd quarter valued at $132,000. Goldman Sachs Group Inc. acquired a new position in shares of Finjan during the 2nd quarter valued at $148,000. Arrowstreet Capital Limited Partnership acquired a new position in Finjan during the second quarter worth $162,000. Navellier & Associates Inc acquired a new position in Finjan during the second quarter worth $201,000. Finally, Macquarie Group Ltd. acquired a new position in Finjan during the third quarter worth $200,000. Institutional investors own 33.68% of the company’s stock.

Separately, B. Riley boosted their target price on shares of Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd.

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About Finjan

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.

Insider Buying and Selling by Quarter for Finjan (NASDAQ:FNJN)

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