Shares of Finjan Holdings Inc (NASDAQ:FNJN) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.18 and traded as low as $1.83. Finjan shares last traded at $1.87, with a volume of 3,151 shares trading hands.
FNJN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Finjan from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. ValuEngine upgraded Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley set a $5.00 price target on Finjan and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Finjan presently has a consensus rating of “Buy” and an average price target of $3.75.
The company has a debt-to-equity ratio of 0.04, a current ratio of 4.74 and a quick ratio of 4.74. The firm has a market cap of $50.84 million, a PE ratio of 2.66 and a beta of 0.36. The business has a fifty day moving average price of $2.18 and a two-hundred day moving average price of $2.68.
Hedge funds and other institutional investors have recently modified their holdings of the business. Globeflex Capital L P grew its stake in Finjan by 12.1% in the first quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock valued at $227,000 after purchasing an additional 8,373 shares in the last quarter. Bailard Inc. purchased a new position in Finjan in the first quarter valued at about $76,000. Acadian Asset Management LLC grew its stake in Finjan by 5.8% in the first quarter. Acadian Asset Management LLC now owns 1,030,410 shares of the software maker’s stock valued at $3,018,000 after purchasing an additional 56,853 shares in the last quarter. Alpine Global Management LLC purchased a new position in Finjan in the first quarter valued at about $632,000. Finally, AJO LP grew its stake in Finjan by 4.5% in the first quarter. AJO LP now owns 319,367 shares of the software maker’s stock valued at $936,000 after purchasing an additional 13,723 shares in the last quarter. Hedge funds and other institutional investors own 56.70% of the company’s stock.
About Finjan (NASDAQ:FNJN)
Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.
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