Finjan Holdings, Inc. (NASDAQ:FNJN) was up 9.3% during mid-day trading on Monday . The company traded as high as $2.96 and last traded at $2.94. Approximately 903,800 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 523,939 shares. The stock had previously closed at $2.69.
Separately, B. Riley boosted their target price on shares of Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd.
The company has a market capitalization of $81.46, a PE ratio of 5.42 and a beta of 0.73.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. bought a new stake in Finjan during the second quarter worth about $132,000. Goldman Sachs Group Inc. bought a new stake in Finjan during the second quarter worth about $148,000. Arrowstreet Capital Limited Partnership bought a new stake in Finjan during the second quarter worth about $162,000. Globeflex Capital L P lifted its position in Finjan by 39.2% during the fourth quarter. Globeflex Capital L P now owns 76,700 shares of the software maker’s stock worth $166,000 after purchasing an additional 21,600 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in Finjan during the third quarter worth about $200,000. 33.81% of the stock is owned by institutional investors and hedge funds.
Finjan Company Profile
Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. 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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