FireEye Inc (FEYE) EVP William T. Robbins Sells 33,591 Shares

FireEye Inc (NASDAQ:FEYE) EVP William T. Robbins sold 33,591 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $18.00, for a total value of $604,638.00. Following the completion of the sale, the executive vice president now directly owns 325,853 shares of the company’s stock, valued at $5,865,354. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

FEYE stock traded down $0.72 during midday trading on Friday, hitting $16.97. 4,889,900 shares of the stock were exchanged, compared to its average volume of 3,909,945. The stock has a market cap of $3.48 billion, a PE ratio of -16.26 and a beta of 0.39. FireEye Inc has a fifty-two week low of $13.40 and a fifty-two week high of $19.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.02 and a current ratio of 2.03.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.01. The firm had revenue of $203.00 million during 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%. FireEye’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. As a group, equities research analysts predict that FireEye Inc will post -0.79 earnings per share for the current year.

Several analysts have recently commented on the company. Robert W. Baird assumed coverage on FireEye in a report on Wednesday. They issued an “outperform” rating and a $22.00 price target for the company. Goldman Sachs Group set a $22.00 price target on FireEye and gave the company a “buy” rating in a report on Thursday, October 4th. ValuEngine raised FireEye from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Wedbush raised their price target on FireEye from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, October 8th. Finally, BidaskClub raised FireEye from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. FireEye has a consensus rating of “Buy” and an average price target of $19.72.

A number of hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its position in FireEye by 56.9% during the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after buying an additional 2,830 shares in the last quarter. Creative Planning increased its position in FireEye by 0.9% during the second quarter. Creative Planning now owns 348,391 shares of the information security company’s stock worth $5,362,000 after buying an additional 3,148 shares in the last quarter. Essex Investment Management Co. LLC increased its position in FireEye by 17.1% during the second quarter. Essex Investment Management Co. LLC now owns 21,859 shares of the information security company’s stock worth $336,000 after buying an additional 3,192 shares in the last quarter. United Services Automobile Association increased its position in FireEye by 12.5% during the second quarter. United Services Automobile Association now owns 29,722 shares of the information security company’s stock worth $457,000 after buying an additional 3,309 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in FireEye by 9.8% during the second quarter. Voya Investment Management LLC now owns 52,688 shares of the information security company’s stock worth $811,000 after buying an additional 4,721 shares in the last quarter. 69.89% of the stock is owned by hedge funds and other institutional investors.

FireEye Company Profile

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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Insider Buying and Selling by Quarter for FireEye (NASDAQ:FEYE)

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