Officer of FireEye Invests in Company

Senior vice president and CFO buys 13,500 shares

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Nov 10, 2015
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Michael Berry (Insider Trades), senior vice president and CFO of FireEye Inc. (FEYE, Financial), bought 13,500 shares of the company on Nov. 6. The average price per share was $22.68 for a total transaction of $306,180.

FireEye specializes in providing enterprises and governments worldwide with a virtual machine-based security platform that provides real-time protection against hackers. The company has a market cap of $3.80 billion and a P/S ratio of 5.97.

Insider buys with FireEye increased from 2014 to 2015. There were no insider buys of the company in 2014, but two insider buys totaling 36,000 shares in 2015. The number of insider sells also increased from 23 to 42 during this time, but the volume of insider buys decreased by about 50% –Â from 4.71 million shares in 2014 to 2.59 million shares in 2015. 02May2017190119.png 02May2017190120.png Berry only made one transaction with the company from March 2014 to November 2015. David Dewalt (Insider Trades), CEO of FireEye, also bought 22,500 shares of the company on Nov. 6. The average price per share was $22.65. For more information about insider transactions with FireEye, click here.

The company reported revenue of $165.62 million in the third quarter of 2015. This is up from revenue of $114.21 million in the third quarter of 2014. Net loss also increased from $120.03 million to $135.53 million when comparing the same period of time. Annual net income for FireEye follows a decreasing trendline while annual revenue follows an increasing trendline, both since 2011. 02May2017190120.png 02May2017190121.png On Oct. 13, the company announced a partnership with Visa Inc. (V, Financial) to form Visa Threat Intelligence. Beginning  in late 2015, Visa Threat Intelligence will allow subscribers access to alerts about possible cyber attacks. FireEye also announced a partnership with F5 Networks on Oct. 5. The agreement allows customers to benefit from security solutions that incorporate application infrastructure from F5, as well as advanced threat protection from FireEye.

Jim Simons (Trades, Portfolio) reduced his stake in FireEye, while Paul Tudor Jones (Trades, Portfolio) increased his stake in the company during the second quarter. Simons sold 83.90% of his FireEye holding for an average per share from of $45.30. Jones increased his stake in the company by 56.56%, after reducing his stake by nearly the same amount in the previous quarter. For more information about guru trades with FireEye, click here.

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