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 on Thursday, November 16th. The shares were 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 owns 7,099 shares in the company, valued at $96,333.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
FireEye, Inc. (NASDAQ FEYE) traded up $0.18 during trading hours on Friday, hitting $13.76. The company had a trading volume of 2,933,496 shares, compared to its average volume of 5,535,297. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $18.00.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. During the same quarter last year, the company posted ($0.18) EPS. FireEye’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts expect that FireEye, Inc. will post -1.06 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of FireEye in the 3rd quarter valued at $129,000. Neuberger Berman Group LLC boosted its position in shares of FireEye by 9.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock valued at $45,721,000 after purchasing an additional 237,575 shares during the period. California Public Employees Retirement System boosted its position in shares of FireEye by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 352,800 shares of the information security company’s stock valued at $5,916,000 after purchasing an additional 5,200 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of FireEye by 9.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,622 shares of the information security company’s stock valued at $766,000 after purchasing an additional 4,072 shares during the period. Finally, King Luther Capital Management Corp boosted its position in shares of FireEye by 12.7% in the 3rd quarter. King Luther Capital Management Corp now owns 199,839 shares of the information security company’s stock valued at $3,351,000 after purchasing an additional 22,465 shares during the period. Institutional investors and hedge funds own 67.12% of the company’s stock.
A number of research firms have issued reports on FEYE. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 target price (up from $15.00) on shares of FireEye in a research note on Tuesday, August 8th. BTIG Research reiterated a “buy” rating and issued a $18.00 target price (up from $17.00) on shares of FireEye in a research note on Tuesday, August 8th. Wedbush reiterated a “neutral” rating and issued a $14.00 target price on shares of FireEye in a research note on Tuesday. Evercore ISI set a $20.00 target price on FireEye and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, Deutsche Bank AG raised their target price on FireEye from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FireEye 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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