Frank Verdecanna Sells 933 Shares of FireEye (FEYE) Stock

FireEye (NASDAQ:FEYE) CFO Frank Verdecanna sold 933 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $17.35, for a total value of $16,187.55. Following the completion of the transaction, the chief financial officer now owns 382,124 shares in the company, valued at approximately $6,629,851.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ:FEYE traded up $0.20 during trading on Friday, hitting $17.80. 1,880,075 shares of the stock were exchanged, compared to its average volume of 3,868,639. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -16.33 and a beta of 0.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.71 and a quick ratio of 1.70. FireEye has a 12-month low of $13.40 and a 12-month high of $19.36.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Wednesday, May 2nd. The information security company reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The business had revenue of $199.07 million for the quarter, compared to analyst estimates of $193.91 million. FireEye had a negative return on equity of 25.25% and a negative net margin of 37.68%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. equities analysts anticipate that FireEye will post -0.81 earnings per share for the current year.



Several large investors have recently made changes to their positions in FEYE. Resources Investment Advisors Inc. boosted its stake in shares of FireEye by 96.9% during the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after acquiring an additional 3,607 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in shares of FireEye by 946.5% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock worth $124,000 after acquiring an additional 6,635 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of FireEye by 56.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after acquiring an additional 2,830 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of FireEye during the 4th quarter worth approximately $146,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of FireEye by 5,600.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,825 shares of the information security company’s stock worth $182,000 after acquiring an additional 12,600 shares in the last quarter. 65.30% of the stock is currently owned by institutional investors and hedge funds.

FEYE has been the topic of several recent research reports. UBS upgraded FireEye from a “neutral” rating to a “positive” rating in a research report on Friday, February 9th. Wedbush reaffirmed a “positive” rating and issued a $14.12 price objective (down previously from $16.00) on shares of FireEye in a report on Friday, February 9th. Evercore ISI set a $20.00 price objective on FireEye and gave the company a “buy” rating in a report on Friday, February 9th. Susquehanna Bancshares raised FireEye from a “neutral” rating to a “positive” rating in a report on Friday, February 9th. Finally, Barclays lifted their price objective on FireEye from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. FireEye currently has an average rating of “Buy” and an average target price of $19.16.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

Insider Buying and Selling by Quarter for FireEye (NASDAQ:FEYE)

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