FireEye Inc (NASDAQ:FEYE) CFO Sells $139,877.25 in Stock

FireEye Inc (NASDAQ:FEYE) CFO Frank Verdecanna sold 10,525 shares of FireEye stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.29, for a total value of $139,877.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

FEYE opened at $13.50 on Thursday. FireEye Inc has a 52-week low of $12.66 and a 52-week high of $20.61. The firm has a market capitalization of $2.85 billion, a PE ratio of -18.75 and a beta of 0.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.55 and a current ratio of 1.56. The business’s 50-day simple moving average is $14.63 and its 200 day simple moving average is $15.58.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.16. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. The business had revenue of $218.00 million for the quarter, compared to analyst estimates of $215.45 million. The company’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts forecast that FireEye Inc will post -0.71 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new stake in FireEye during the second quarter worth about $26,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of FireEye in the first quarter valued at approximately $60,000. Enterprise Trust & Investment Co acquired a new position in shares of FireEye in the second quarter valued at approximately $89,000. Oppenheimer Asset Management Inc. acquired a new position in shares of FireEye in the second quarter valued at approximately $95,000. Finally, TRUE Private Wealth Advisors acquired a new position in shares of FireEye in the second quarter valued at approximately $131,000. Institutional investors and hedge funds own 67.82% of the company’s stock.

Several equities analysts have issued reports on FEYE shares. Oppenheimer set a $19.00 price objective on FireEye and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wedbush decreased their price objective on FireEye from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Bank of America set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BidaskClub cut FireEye from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $25.00 price objective on shares of FireEye in a research report on Sunday, June 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. FireEye presently has a consensus rating of “Hold” and a consensus price target of $19.27.

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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