Finjan Holdings, Inc. (FNJN) Major Shareholder Sells $12,495.00 in Stock

Finjan Holdings, Inc. (NASDAQ:FNJN) major shareholder Seed Iv L. P. Israel sold 5,100 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $2.45, for a total value of $12,495.00. Following the transaction, the insider now directly owns 3,147,265 shares of the company’s stock, valued at $7,710,799.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Finjan Holdings, Inc. (NASDAQ FNJN) traded up $0.05 during mid-day trading on Thursday, hitting $2.28. The stock had a trading volume of 137,940 shares, compared to its average volume of 252,606. The firm has a market cap of $61.79, a P/E ratio of 5.49 and a beta of 0.78. Finjan Holdings, Inc. has a twelve month low of $1.00 and a twelve month high of $4.06.

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Finjan by 11.0% during the 1st quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock worth $236,000 after buying an additional 13,500 shares during the period. Advisor Group Inc. acquired a new position in Finjan in the 2nd quarter valued at $132,000. Goldman Sachs Group Inc. acquired a new position in Finjan in the 2nd quarter valued at $148,000. Arrowstreet Capital Limited Partnership acquired a new position in Finjan in the 2nd quarter valued at $162,000. Finally, Navellier & Associates Inc acquired a new position in Finjan in the 2nd quarter valued at $201,000. 34.09% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $4.00 target price on shares of Finjan in a research note on Monday, August 14th. TheStreet downgraded Finjan from a “c” rating to a “d+” rating in a research note on Monday, August 28th.

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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.

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