Insider Selling: FireEye, Inc. (FEYE) EVP Sells 69,884 Shares of Stock
FireEye, Inc. (NASDAQ:FEYE) EVP Alexa King sold 69,884 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of FireEye, Inc. (NASDAQ:FEYE) opened at 14.36 on Friday. The stock’s market cap is $2.54 billion. The firm has a 50-day moving average price of $15.39 and a 200 day moving average price of $13.45. FireEye, Inc. has a 52-week low of $10.35 and a 52-week high of $17.70.
FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 25.87% and a negative net margin of 46.37%. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same period last year, the business posted ($0.33) EPS. The company’s revenue was up 6.0% on a year-over-year basis. Analysts expect that FireEye, Inc. will post ($0.22) earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock valued at $100,000 after buying an additional 2,147 shares during the period. Sigma Planning Corp bought a new position in shares of FireEye during the first quarter valued at $132,000. US Bancorp DE increased its position in shares of FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock valued at $135,000 after buying an additional 7,788 shares during the period. TRUE Private Wealth Advisors increased its position in shares of FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock valued at $142,000 after buying an additional 1,400 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in FireEye during the second quarter worth $142,000. Institutional investors own 67.94% of the company’s stock.
A number of equities analysts have commented on FEYE shares. Zacks Investment Research downgraded shares of FireEye from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Evercore ISI reiterated a “buy” rating and issued a $16.00 target price (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. BMO Capital Markets boosted their target price on shares of FireEye from $11.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday, May 3rd. William Blair upgraded shares of FireEye from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $13.95 to $12.21 in a report on Wednesday, May 3rd. Finally, Wedbush boosted their target price on shares of FireEye from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. FireEye presently has a consensus rating of “Hold” and a consensus price target of $15.82.
FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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