FireEye Inc (FEYE) Short Interest Update
FireEye Inc (NASDAQ:FEYE) was the target of a significant decrease in short interest in the month of September. As of September 14th, there was short interest totalling 19,282,836 shares, a decrease of 7.0% from the August 31st total of 20,735,788 shares. Based on an average daily volume of 3,629,167 shares, the short-interest ratio is presently 5.3 days. Currently, 10.2% of the company’s shares are sold short.
In other FireEye news, CFO Frank Verdecanna sold 11,219 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $162,226.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Travis M. Reese sold 3,201 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $46,286.46. Following the sale, the president now owns 715,060 shares in the company, valued at $10,339,767.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,820 shares of company stock worth $301,057. Company insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FEYE. Asset Management One Co. Ltd. lifted its holdings in shares of FireEye by 56.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock valued at $132,000 after purchasing an additional 2,830 shares during the last quarter. Creative Planning raised its stake in FireEye by 0.9% in the 2nd quarter. Creative Planning now owns 348,391 shares of the information security company’s stock worth $5,362,000 after acquiring an additional 3,148 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in FireEye by 17.1% in the 2nd quarter. Essex Investment Management Co. LLC now owns 21,859 shares of the information security company’s stock worth $336,000 after acquiring an additional 3,192 shares during the last quarter. United Services Automobile Association raised its stake in FireEye by 12.5% in the 2nd quarter. United Services Automobile Association now owns 29,722 shares of the information security company’s stock worth $457,000 after acquiring an additional 3,309 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in FireEye by 9.8% in the 2nd quarter. Voya Investment Management LLC now owns 52,688 shares of the information security company’s stock worth $811,000 after acquiring an additional 4,721 shares during the last quarter. 69.92% of the stock is currently owned by institutional investors and hedge funds.
FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The business 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 last year, the firm earned ($0.04) EPS. equities research analysts expect that FireEye will post -0.79 EPS for the current year.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Piper Jaffray Companies raised FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research note on Monday, July 9th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $22.00 target price on shares of FireEye in a research note on Thursday, August 23rd. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. FireEye presently has an average rating of “Hold” and a consensus price target of $19.47.
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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