Finjan Holdings, Inc. (NASDAQ:FNJN) shares traded up 6.2% during trading on Tuesday . The stock traded as high as $3.17 and last traded at $3.09. 731,505 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 682,832 shares. The stock had previously closed at $2.91.
Separately, B. Riley lifted their price target on Finjan from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd.
The stock has a market cap of $85.65, a PE ratio of 6.72 and a beta of -0.71.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Finjan during the second quarter valued at approximately $148,000. Globeflex Capital L P increased its position in shares of Finjan by 39.2% during the fourth quarter. Globeflex Capital L P now owns 76,700 shares of the software maker’s stock valued at $166,000 after purchasing an additional 21,600 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Finjan during the third quarter valued at approximately $200,000. Deutsche Bank AG increased its position in shares of Finjan by 16.6% during the fourth quarter. Deutsche Bank AG now owns 150,400 shares of the software maker’s stock valued at $324,000 after purchasing an additional 21,400 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Finjan during the second quarter valued at approximately $576,000. Institutional investors and hedge funds own 35.71% of the company’s stock.
Finjan Company Profile
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.
Receive News & Ratings for Finjan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.