BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a strong sell rating to a sell rating in a report issued on Friday morning.

Several other analysts have also recently commented on the company. Evercore ISI restated a buy rating and set a $22.00 target price on shares of FireEye in a report on Thursday. Zacks Investment Research cut FireEye from a buy rating to a hold rating in a report on Thursday, August 9th. Wedbush restated a neutral rating and set a $16.00 target price on shares of FireEye in a report on Thursday, August 2nd. BMO Capital Markets decreased their target price on FireEye from $18.00 to $17.00 and set a market perform rating on the stock in a report on Thursday, August 2nd. Finally, ValuEngine upgraded FireEye from a sell rating to a hold rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $19.62.

Shares of NASDAQ:FEYE opened at $16.37 on Friday. FireEye has a fifty-two week low of $13.40 and a fifty-two week high of $19.36. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -15.02 and a beta of 0.36. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.42.

FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, August 1st. The information security company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.01. The company had revenue of $203.00 million for the quarter, compared to analysts’ expectations of $201.54 million. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. research analysts predict that FireEye will post -0.79 EPS for the current fiscal year.

In related news, CEO Kevin R. Mandia sold 15,701 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $16.95, for a total value of $266,131.95. Following the transaction, the chief executive officer now owns 3,103,942 shares in the company, valued at $52,611,816.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Travis M. Reese sold 3,201 shares of the firm’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 $46,286.46. Following the completion of the transaction, the president now owns 715,060 shares in the company, valued at approximately $10,339,767.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,521 shares of company stock worth $567,189. 2.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its holdings in FireEye by 100.0% in the second quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock valued at $92,346,000 after acquiring an additional 3,000,051 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in FireEye by 18.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,320,235 shares of the information security company’s stock valued at $35,708,000 after buying an additional 363,900 shares during the period. Fisher Asset Management LLC lifted its stake in FireEye by 8.1% in the second quarter. Fisher Asset Management LLC now owns 2,272,111 shares of the information security company’s stock valued at $34,968,000 after buying an additional 170,299 shares during the period. Renaissance Technologies LLC lifted its stake in FireEye by 20.2% in the second quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock valued at $33,711,000 after buying an additional 368,666 shares during the period. Finally, Millennium Management LLC lifted its stake in FireEye by 125.8% in the second quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock valued at $23,230,000 after buying an additional 841,080 shares during the period. Institutional investors and hedge funds own 69.81% of the company’s stock.

About FireEye

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.

Recommended Story: Hedge Funds Explained

Analyst Recommendations for FireEye (NASDAQ:FEYE)

Receive News & Ratings for FireEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye and related companies with MarketBeat.com's FREE daily email newsletter.