$18.51 Million in Sales Expected for Finjan Holdings, Inc. (FNJN) This Quarter

Equities analysts expect that Finjan Holdings, Inc. (NASDAQ:FNJN) will announce $18.51 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Finjan’s earnings, with the highest sales estimate coming in at $18.51 million and the lowest estimate coming in at $18.50 million. Finjan reported sales of $8.40 million during the same quarter last year, which indicates a positive year over year growth rate of 120.4%. The firm is expected to report its next quarterly earnings report on Monday, March 26th.

According to Zacks, analysts expect that Finjan will report full-year sales of $18.51 million for the current fiscal year, with estimates ranging from $45.56 million to $45.57 million. For the next fiscal year, analysts expect that the firm will report sales of $52.16 million per share, with estimates ranging from $40.27 million to $64.05 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Finjan.

Finjan (NASDAQ:FNJN) last posted its quarterly earnings results on Thursday, November 9th. The software maker reported ($0.16) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). Finjan had a net margin of 37.53% and a return on equity of 100.25%.

Separately, B. Riley increased their price target 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.

In other Finjan news, major shareholder Corp Bcpi sold 14,199 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $2.11, for a total transaction of $29,959.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Seed Iv L. P. Israel sold 145,200 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $2.56, for a total transaction of $371,712.00. Following the sale, the insider now directly owns 3,002,065 shares in the company, valued at $7,685,286.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 459,164 shares of company stock worth $1,103,706. Insiders own 9.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Financial Inc. lifted its holdings in Finjan by 24.0% during the third quarter. B. Riley Financial Inc. now owns 2,063,351 shares of the software maker’s stock valued at $4,849,000 after purchasing an additional 399,032 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Finjan by 128.4% in the third quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock worth $942,000 after buying an additional 225,251 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Finjan by 793.0% in the second quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after buying an additional 199,987 shares in the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of Finjan by 1,010.9% in the second quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock worth $375,000 after buying an additional 104,040 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Finjan in the third quarter worth about $200,000. 33.68% of the stock is currently owned by institutional investors and hedge funds.

Finjan (NASDAQ:FNJN) opened at $2.25 on Wednesday. The firm has a market cap of $61.23, a PE ratio of 4.25 and a beta of 0.78. Finjan has a 1 year low of $1.28 and a 1 year high of $4.06.

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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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