Insider Selling: FireEye, Inc. (FEYE) Director Sells $91,828.19 in Stock
FireEye, Inc. (NASDAQ:FEYE) Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $13.57, for a total value of $91,828.19. Following the completion of the sale, the director now directly owns 7,099 shares of the company’s stock, valued at approximately $96,333.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of FireEye, Inc. (NASDAQ FEYE) opened at $13.76 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $18.00.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The firm had revenue of $189.60 million during the quarter, compared to analysts’ expectations of $186.41 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts predict that FireEye, Inc. will post -1.07 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of FireEye by 7.9% during the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after purchasing an additional 917,967 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of FireEye by 81.7% during the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after purchasing an additional 1,548,425 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of FireEye by 213.3% during the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock worth $44,144,000 after purchasing an additional 1,975,924 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of FireEye during the second quarter worth approximately $43,372,000. Finally, Neuberger Berman Group LLC increased its position in shares of FireEye by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock worth $45,721,000 after purchasing an additional 237,575 shares in the last quarter. Hedge funds and other institutional investors own 66.93% of the company’s stock.
A number of equities research analysts recently commented on FEYE shares. Morgan Stanley raised FireEye from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $19.00 in a report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $19.00 target price on shares of FireEye in a report on Wednesday, August 23rd. Bank of America Corporation lifted their target price on FireEye from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Stephens raised FireEye from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $16.00 to $22.00 in a report on Monday, September 11th. Finally, Northland Securities set a $22.00 target price on FireEye and gave the stock a “buy” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.22.
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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