FireEye Inc (NASDAQ:FEYE) was the target of a large increase in short interest in the month of September. As of September 28th, there was short interest totalling 21,934,515 shares, an increase of 13.8% from the September 14th total of 19,282,836 shares. Based on an average daily volume of 4,849,747 shares, the days-to-cover ratio is presently 4.5 days. Approximately 11.7% of the shares of the company are sold short.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded FireEye from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine downgraded FireEye from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Wedbush boosted their price target on FireEye from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, October 8th. Goldman Sachs Group set a $22.00 price objective on FireEye and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, BMO Capital Markets cut their price objective on FireEye from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.59.

Shares of NASDAQ:FEYE opened at $16.68 on Friday. The company has a market cap of $3.32 billion, a P/E ratio of -15.22 and a beta of 0.38. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42. FireEye has a 12-month low of $13.40 and a 12-month high of $19.36.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The company had revenue of $203.00 million during the quarter, compared to the consensus estimate of $201.54 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that FireEye will post -0.79 earnings per share for the current year.

In other FireEye news, President Travis M. Reese sold 3,201 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $46,286.46. Following the completion of the sale, the president now directly owns 715,060 shares in the company, valued at approximately $10,339,767.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William T. Robbins sold 6,400 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $92,544.00. Following the sale, the executive vice president now owns 359,444 shares of the company’s stock, valued at $5,197,560.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,820 shares of company stock valued at $301,057. Corporate insiders own 2.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC boosted its stake in FireEye by 166.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock worth $119,000 after purchasing an additional 5,000 shares during the period. Point72 Asia Hong Kong Ltd boosted its stake in FireEye by 946.5% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock worth $124,000 after purchasing an additional 6,635 shares during the period. Global X Management Co LLC bought a new position in FireEye in the 2nd quarter worth approximately $131,000. Asset Management One Co. Ltd. boosted its stake in FireEye by 56.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after purchasing an additional 2,830 shares during the period. Finally, Centaurus Financial Inc. bought a new position in FireEye in the 2nd quarter worth approximately $160,000. Institutional investors and hedge funds own 69.92% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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