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 4,887,012 of common stock as of 2017-06-05.
The acquisition brings the aggregate amount owned by Bcpi I L P to a total of 4,887,012 representing less than 21.1% stake in the company.
xxxxFor 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.
A glance at Finjan Holdings Inc. (NASDAQ:FNJN)’s key stats reveals a current market capitalization of 69.28 Million based on 23.17 Million shares outstanding and a price at last close of $3.26 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 Bcpi unload 25,000 shares at a sale price of $3.30. This brings their total holding to 4,887,013.
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 eye on Finjan Holdings Inc. (NASDAQ:FNJN) as things move forward to see if its progress aligns with these transactions.
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