FireEye Inc (FEYE) CFO Sells $548,823.60 in Stock

FireEye Inc (NASDAQ:FEYE) CFO Frank Verdecanna sold 33,878 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.20, for a total transaction of $548,823.60. Following the completion of the transaction, the chief financial officer now owns 383,057 shares in the company, valued at approximately $6,205,523.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.

FireEye Inc (NASDAQ:FEYE) opened at $16.46 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. The stock has a market cap of $3,016.17, a PE ratio of -9.63 and a beta of 0.57. FireEye Inc has a one year low of $10.35 and a one year high of $18.00.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.59%. The firm had revenue of $202.30 million during the quarter, compared to analyst estimates of $193.74 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts forecast that FireEye Inc will post -0.83 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of FireEye by 1,158.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,913,038 shares of the information security company’s stock valued at $41,365,000 after purchasing an additional 2,681,525 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of FireEye by 9.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock valued at $45,721,000 after purchasing an additional 237,575 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of FireEye by 6.4% during the 3rd quarter. Fisher Asset Management LLC now owns 2,187,245 shares of the information security company’s stock valued at $36,680,000 after purchasing an additional 130,634 shares during the last quarter. State Street Corp increased its position in shares of FireEye by 1.5% during the 2nd quarter. State Street Corp now owns 2,050,241 shares of the information security company’s stock valued at $31,188,000 after purchasing an additional 30,285 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of FireEye by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,575,026 shares of the information security company’s stock valued at $22,365,000 after purchasing an additional 79,998 shares during the last quarter. 68.93% of the stock is owned by hedge funds and other institutional investors.

FEYE has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating and issued a $14.00 price target on shares of FireEye in a research note on Tuesday, November 14th. BMO Capital Markets dropped their price target on shares of FireEye from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Cowen reiterated a “hold” rating and issued a $16.00 price target on shares of FireEye in a research note on Friday, November 3rd. Finally, Dougherty & Co upgraded shares of FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $18.09.

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FireEye Company Profile

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

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

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