FireEye, Inc. (FEYE) President Travis M. Reese Sells 88,445 Shares
FireEye, Inc. (NASDAQ:FEYE) President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total value of $1,547,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
FireEye, Inc. (NASDAQ:FEYE) traded up 2.00% during mid-day trading on Thursday, reaching $17.83. The company’s stock had a trading volume of 4,393,910 shares. The firm’s 50 day moving average price is $15.82 and its 200 day moving average price is $14.65. FireEye, Inc. has a 52 week low of $10.35 and a 52 week high of $17.97. The firm’s market capitalization is $3.25 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. During the same period last year, the firm earned ($0.33) EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that FireEye, Inc. will post ($0.21) EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Shapiro Capital Management LLC increased its position in shares of FireEye by 17.9% during the 1st quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock valued at $237,577,000 after purchasing an additional 2,859,910 shares during the period. Vanguard Group Inc. increased its position in shares of FireEye by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after purchasing an additional 917,967 shares during the period. Pinnacle Associates Ltd. increased its position in shares of FireEye by 81.7% during the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after purchasing an additional 1,548,425 shares during the period. Balyasny Asset Management LLC increased its position in shares of FireEye by 213.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after purchasing an additional 1,975,924 shares during the period. Finally, ETF Managers Group LLC acquired a new position in shares of FireEye during the 2nd quarter valued at $43,372,000. Institutional investors own 67.59% of the company’s stock.
FEYE has been the subject of a number of recent analyst reports. Susquehanna Bancshares Inc initiated coverage on FireEye in a research report on Wednesday, June 7th. They set a “neutral” rating and a $17.00 price objective for the company. Vetr upgraded FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 price objective for the company in a research note on Monday, June 12th. BidaskClub cut FireEye from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. UBS AG set a $16.00 price objective on FireEye and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. FireEye has a consensus rating of “Hold” and a consensus target price of $16.95.
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).
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