FireEye, Inc. (NASDAQ:FEYE) Director Arthur W. Coviello, Jr. Acquires 10,000 Shares

FireEye, Inc. (NASDAQ:FEYE) Director Arthur W. Coviello, Jr. purchased 10,000 shares of FireEye stock in a transaction that occurred on Wednesday, June 9th. The shares were bought at an average cost of $20.18 per share, for a total transaction of $201,800.00. Following the completion of the transaction, the director now directly owns 28,922 shares in the company, valued at approximately $583,645.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FEYE stock opened at $21.15 on Friday. FireEye, Inc. has a 52-week low of $11.38 and a 52-week high of $25.53. The company has a quick ratio of 2.13, a current ratio of 2.14 and a debt-to-equity ratio of 1.36. The stock has a market cap of $5.04 billion, a P/E ratio of -25.79 and a beta of 1.12. The business’s 50 day simple moving average is $20.43.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, April 27th. The information security company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). FireEye had a negative net margin of 18.88% and a negative return on equity of 9.48%. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $237.00 million. During the same quarter last year, the firm posted ($0.02) earnings per share. FireEye’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that FireEye, Inc. will post -0.33 EPS for the current fiscal year.

Several equities analysts recently commented on the company. Mizuho boosted their price target on FireEye from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 28th. Zacks Investment Research raised FireEye from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a research report on Tuesday, April 6th. Finally, Barclays lifted their price objective on FireEye from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.25.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tompkins Financial Corp bought a new stake in shares of FireEye in the 4th quarter valued at approximately $46,000. Meeder Asset Management Inc. increased its holdings in shares of FireEye by 7,751.6% in the 1st quarter. Meeder Asset Management Inc. now owns 2,434 shares of the information security company’s stock valued at $47,000 after acquiring an additional 2,403 shares during the last quarter. Allred Capital Management LLC bought a new stake in shares of FireEye in the 1st quarter valued at approximately $62,000. Acadian Asset Management LLC bought a new stake in shares of FireEye in the 1st quarter valued at approximately $68,000. Finally, Defined Wealth Management LLC bought a new stake in shares of FireEye in the 4th quarter valued at approximately $84,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides intelligence-based cybersecurity solutions to prepare for, prevent, investigate, respond to, and remediate cyber-attacks in organizations. Its FireEye products include network, email, endpoint, and cloud security control products to detect and prevent threats; Dynamic Threat Intelligence Cloud, a bi-directional cloud-based service; Helix Security Operations Platform, a cloud-hosted security operations platform; Cloudvisory cloud security products; and customer support and maintenance services.

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