FireEye Inc (FEYE) EVP Sells $96,560.00 in Stock

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FireEye Inc (NASDAQ:FEYE) EVP Alexa King sold 4,828 shares of FireEye stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $20.00, for a total value of $96,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ FEYE traded down $0.55 during trading on Friday, reaching $19.35. 5,302,426 shares of the company’s stock were exchanged, compared to its average volume of 7,169,610. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of -17.75 and a beta of 0.27. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.02 and a quick ratio of 2.02. FireEye Inc has a 1 year low of $13.40 and a 1 year high of $20.61.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. FireEye had a negative return on equity of 22.98% and a negative net margin of 33.32%. The company had revenue of $211.65 million during the quarter, compared to the consensus estimate of $208.46 million. During the same period in the previous year, the business earned ($0.04) EPS. FireEye’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that FireEye Inc will post -0.71 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. OppenheimerFunds Inc. lifted its holdings in shares of FireEye by 100.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock valued at $92,346,000 after purchasing an additional 3,000,051 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of FireEye by 41.4% in the 3rd quarter. Fisher Asset Management LLC now owns 3,212,043 shares of the information security company’s stock valued at $54,605,000 after purchasing an additional 939,932 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of FireEye by 4.4% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,421,230 shares of the information security company’s stock valued at $41,160,000 after purchasing an additional 100,995 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of FireEye by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock valued at $33,711,000 after purchasing an additional 368,666 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of FireEye by 13.0% in the 3rd quarter. First Trust Advisors LP now owns 1,518,548 shares of the information security company’s stock valued at $25,815,000 after purchasing an additional 174,727 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on FEYE shares. ValuEngine lowered FireEye from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. BidaskClub downgraded FireEye from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. BMO Capital Markets decreased their price target on FireEye from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $16.00 price target on shares of FireEye in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised FireEye from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, August 8th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.00.

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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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