CYREN Ltd. (CYRN) Shares Sold by Unterberg Capital LLC
Unterberg Capital LLC reduced its position in shares of CYREN Ltd. (NASDAQ:CYRN) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,544,900 shares of the technology company’s stock after selling 273,584 shares during the period. CYREN comprises about 12.0% of Unterberg Capital LLC’s holdings, making the stock its largest position. Unterberg Capital LLC owned approximately 11.60% of CYREN worth $9,317,000 as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC increased its position in CYREN by 1.4% in the first quarter. Renaissance Technologies LLC now owns 602,833 shares of the technology company’s stock worth $1,206,000 after buying an additional 8,400 shares during the period. 26.13% of the stock is currently owned by institutional investors.
CYREN Ltd. (NASDAQ CYRN) traded down 2.78% during trading on Tuesday, reaching $1.75. The company’s stock had a trading volume of 18,855 shares. CYREN Ltd. has a one year low of $1.35 and a one year high of $2.55. The firm’s market cap is $68.65 million. The company has a 50-day moving average of $1.80 and a 200 day moving average of $2.00.
CYREN (NASDAQ:CYRN) last posted its quarterly earnings data on Wednesday, August 16th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm had revenue of $7.80 million for the quarter, compared to the consensus estimate of $8.13 million. CYREN had a negative return on equity of 27.40% and a negative net margin of 25.73%. The company’s revenue was up 2.6% on a year-over-year basis. Analysts expect that CYREN Ltd. will post ($0.23) EPS for the current fiscal year.
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A number of equities analysts have issued reports on CYRN shares. ValuEngine downgraded CYREN from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. TheStreet downgraded CYREN from a “c-” rating to a “d” rating in a research note on Wednesday, May 17th.
CYREN Company Profile
CYREN Ltd. (CYREN) is engaged in developing and marketing information security solutions for protecting Web, e-mail and mobile transactions. The Company is a Security-as-a-Service provider of integrated cloud-based security technology solutions that mitigate cyber threats, malware attacks, information leaks, legal liability and productivity loss through the application of cyber intelligence.
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