Insider Selling: FireEye Inc (NASDAQ:FEYE) President Sells 15,616 Shares of Stock

FireEye Inc (NASDAQ:FEYE) President Travis M. Reese sold 15,616 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $14.69, for a total transaction of $229,399.04. Following the transaction, the president now owns 885,325 shares of the company’s stock, valued at approximately $13,005,424.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FEYE stock traded up $0.08 during midday trading on Friday, hitting $15.76. The stock had a trading volume of 1,752,802 shares, compared to its average volume of 2,419,244. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -21.89 and a beta of 0.90. FireEye Inc has a 52 week low of $13.85 and a 52 week high of $20.61. The stock’s 50-day simple moving average is $14.72. The company has a quick ratio of 1.99, a current ratio of 2.00 and a debt-to-equity ratio of 1.69.

FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, April 30th. The information security company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The firm had revenue of $210.54 million during the quarter, compared to the consensus estimate of $210.22 million. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Equities analysts forecast that FireEye Inc will post -0.58 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of FEYE. Two Sigma Investments LP acquired a new stake in shares of FireEye in the fourth quarter valued at $54,563,000. ETF Managers Group LLC increased its stake in shares of FireEye by 14.6% in the first quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock valued at $56,228,000 after buying an additional 426,289 shares in the last quarter. First Trust Advisors LP increased its stake in shares of FireEye by 114.8% in the first quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock valued at $55,438,000 after buying an additional 1,764,847 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of FireEye by 13.3% in the first quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock valued at $41,788,000 after buying an additional 292,381 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of FireEye in the fourth quarter valued at $40,018,000. 79.63% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on FEYE shares. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of FireEye in a research report on Wednesday, May 29th. Mizuho started coverage on shares of Fortinet in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $90.00 target price for the company. Zacks Investment Research lowered shares of Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Wedbush set a $12.00 target price on shares of GameStop and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, Evercore ISI reiterated a “buy” rating and issued a $25.00 target price on shares of FireEye in a research report on Sunday, June 2nd. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. FireEye presently has an average rating of “Hold” and an average target price of $19.79.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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

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