FireEye Inc. (FEYE) Trading 10.7% Higher
FireEye Inc. (NASDAQ:FEYE)’s share price rose 10.7% during mid-day trading on Thursday . The company traded as high as $18.39 and last traded at $18.25, with a volume of 8,989,442 shares changing hands. The stock had previously closed at $16.49.
FEYE has been the subject of a number of research reports. Zacks Investment Research raised FireEye from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, April 13th. OTR Global raised FireEye to a “positive” rating in a research note on Friday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $20.00 price target (down from $24.00) on shares of FireEye in a research note on Monday, May 9th. Oppenheimer Holdings Inc. reaffirmed a “positive” rating and set a $35.00 price target on shares of FireEye in a research note on Monday, May 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $19.00 price target on shares of FireEye in a research note on Monday, May 9th. Fourteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.62.
The firm has a 50 day moving average price of $16.32 and a 200-day moving average price of $16.11. The stock’s market cap is $2.90 billion.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Thursday, May 5th. The information security company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.03. During the same period in the prior year, the firm posted ($0.48) earnings per share. The company earned $168 million during the quarter, compared to the consensus estimate of $171.86 million. The company’s revenue was up 34.0% compared to the same quarter last year. On average, analysts anticipate that FireEye Inc. will post ($1.24) EPS for the current year.
In related news, President Kevin R. Mandia acquired 27,600 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average cost of $12.70 per share, with a total value of $350,520.00. Following the transaction, the president now owns 2,629,446 shares of the company’s stock, valued at approximately $33,393,964.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Berry acquired 16,500 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average cost of $12.84 per share, for a total transaction of $211,860.00. Following the completion of the transaction, the chief financial officer now directly owns 226,144 shares in the company, valued at approximately $2,903,688.96. The disclosure for this purchase can be found here.
Other large investors recently bought and sold shares of the company. Trexquant Investment LP boosted its stake in FireEye by 273.4% in the fourth quarter. Trexquant Investment LP now owns 182,200 shares of the information security company’s stock valued at $3,779,000 after buying an additional 133,400 shares in the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of FireEye during the fourth quarter valued at approximately $2,909,000. Marco Investment Management LLC boosted its stake in shares of FireEye by 19.3% in the fourth quarter. Marco Investment Management LLC now owns 268,200 shares of the information security company’s stock valued at $5,562,000 after buying an additional 43,400 shares during the period. Eaton Vance Management boosted its stake in shares of FireEye by 23.6% in the fourth quarter. Eaton Vance Management now owns 94,337 shares of the information security company’s stock valued at $1,957,000 after buying an additional 18,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of FireEye by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 251,357 shares of the information security company’s stock valued at $5,214,000 after buying an additional 9,981 shares during the period.
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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