In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Finjan Holdings Inc. (NASDAQ:FNJN) reported that Bcpi I L P has picked up 4,345,371 of common stock as of 2017-06-26.
The acquisition brings the aggregate amount owned by Bcpi I L P to a total of 4,345,371 representing a 18.8% stake in the company.
For those not familiar with the company, Finjan Holdings (Finjan) is a publicly traded company on NASDAQ (FNJN) which owns the patented technology used in many enterprise web security solutions, including real-time and behavior-based malware prevention. The original hardware and software divisions of Finjan were acquired by M86 Security in 2009. Finjan continues to hold patents for various Web security technologies and licenses these patents to Trustwave (formerly M86) among others. Finjan’s commitment to innovation in the security space continues through its investments which have culminated in the recent launch of Finjan’s consulting services business, CybeRisk development of mobile applications for the consumer through its subsidiary Finjan Mobile and incubation of up-and-coming technology startups pioneering a new generation of security technologies through the company’s investment in Jerusalem Venture Partners (JVP) Fund VII’s Cyber Labs, having invested alongside companies like Cisco and other technology companies. The company is headquartered in Palo Alto, California.
A glance at Finjan Holdings Inc. (NASDAQ:FNJN)’s key stats reveals a current market capitalization of $88.05 Million based on $23.17 shares outstanding and a price at last close of $3.62 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-12-15, Noonan picked up 2,000 at a purchase price of $2.50. This brings their total holding to 5,000 as of the date of the filing.
On the sell side, the most recent transaction saw Israel unload 87,342 shares at a sale price of $3.49. This brings their total holding to 3,187,786.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Finjan Holdings Inc. (NASDAQ:FNJN) as things move forward to see if its progress aligns with these transactions.
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