FireEye Inc (FEYE) Short Interest Up 13.8% in September

FireEye Inc (NASDAQ:FEYE) was the recipient of a significant growth in short interest during the month of September. As of September 28th, there was short interest totalling 21,934,515 shares, a growth of 13.8% from the September 14th total of 19,282,836 shares. Approximately 11.7% of the company’s shares are sold short. Based on an average trading volume of 4,849,747 shares, the short-interest ratio is currently 4.5 days.

Shares of NASDAQ FEYE opened at $16.68 on Friday. FireEye has a twelve month low of $13.40 and a twelve month high of $19.36. The firm has a market cap of $3.32 billion, a P/E ratio of -15.30 and a beta of 0.38. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42.

FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The business had revenue of $203.00 million during the quarter, compared to the consensus estimate of $201.54 million. During the same quarter last year, the firm earned ($0.04) earnings per share. FireEye’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that FireEye will post -0.79 EPS for the current fiscal year.

In other news, EVP William T. Robbins sold 6,400 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $92,544.00. Following the completion of the transaction, the executive vice president now owns 359,444 shares of the company’s stock, valued at $5,197,560.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Frank Verdecanna sold 11,219 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $162,226.74. The disclosure for this sale can be found here. Insiders have sold 20,820 shares of company stock valued at $301,057 in the last ninety days. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in FireEye by 20.2% during the second quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock worth $33,711,000 after buying an additional 368,666 shares during the last quarter. Natixis grew its holdings in FireEye by 39.9% in the second quarter. Natixis now owns 164,058 shares of the information security company’s stock worth $2,525,000 after purchasing an additional 46,768 shares during the period. Millennium Management LLC grew its holdings in FireEye by 125.8% in the second quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock worth $23,230,000 after purchasing an additional 841,080 shares during the period. P.A.W. Capital Corp grew its holdings in FireEye by 19.0% in the second quarter. P.A.W. Capital Corp now owns 250,000 shares of the information security company’s stock worth $3,848,000 after purchasing an additional 40,000 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in FireEye by 166.7% in the second quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock worth $119,000 after purchasing an additional 5,000 shares during the period. 69.92% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on FEYE shares. BidaskClub downgraded shares of FireEye from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. ValuEngine downgraded shares of FireEye from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Piper Jaffray Companies raised shares of FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Monday, July 9th. BMO Capital Markets dropped their price target on shares of FireEye from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, August 2nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $16.00 price target on shares of FireEye in a research note on Thursday, August 2nd. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.59.

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.

See Also: Intrinsic Value

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