What’s Propelling FireEye, Inc. (FEYE) to Decrease? The Stock Formed a Bearish Multiple Bottom

February 15, 2018 - By Maria Brooks

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.01, from 1.23 in 2017Q2. It is positive, as 29 investors sold FireEye, Inc. shares while 71 reduced holdings. 43 funds opened positions while 81 raised stakes. 119.98 million shares or 3.47% more from 115.96 million shares in 2017Q2 were reported.
Alyeska Invest Group Lp, Illinois-based fund reported 1.06 million shares. Marco Investment Mngmt Ltd Llc stated it has 0.66% in FireEye, Inc. (NASDAQ:FEYE). Sandy Spring National Bank, Maryland-based fund reported 230 shares. Frontier Capital Mngmt Lc has 0.04% invested in FireEye, Inc. (NASDAQ:FEYE) for 353,099 shares. Jefferies Group Inc Ltd Llc invested 0% in FireEye, Inc. (NASDAQ:FEYE). Nine Masts Cap Limited holds 0.16% of its portfolio in FireEye, Inc. (NASDAQ:FEYE) for 63,991 shares. Oz Mgmt Limited Partnership, a New York-based fund reported 138,000 shares. State Common Retirement Fund stated it has 0.01% in FireEye, Inc. (NASDAQ:FEYE). Carroll Fincl Assocs Incorporated holds 943 shares or 0% of its portfolio. Usca Ria Limited Company owns 58,025 shares for 0.11% of their portfolio. Legal & General Gru Public Lc reported 69,827 shares. Moreover, Natixis has 0.03% invested in FireEye, Inc. (NASDAQ:FEYE) for 191,916 shares. California Employees Retirement Systems accumulated 352,800 shares. 3.13M are held by Ivory Management Ltd Liability Corp. Hall Laurie J Trustee stated it has 1,200 shares or 0.01% of all its holdings.

Since September 18, 2017, it had 0 insider purchases, and 3 insider sales for $2.20 million activity. $450,000 worth of FireEye, Inc. (NASDAQ:FEYE) was sold by King Alexa.

The stock of FireEye, Inc. (FEYE) shows a multiple bottoms pattern with $16.17 target or 3.00 % below today’s $16.67 share price. The 8 months chart pattern indicates high risk for the $3.08 billion company. It was reported on Feb, 15 by Finviz.com. If the $16.17 price target is reached, the company will be worth $92.31M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.54% or $0.09 during the last trading session, reaching $16.67. About 2.76M shares traded. FireEye, Inc. (NASDAQ:FEYE) has risen 11.41% since February 15, 2017 and is uptrending. It has underperformed by 5.29% the S&P500.

FireEye, Inc. (NASDAQ:FEYE) Ratings Coverage

Among 34 analysts covering Fireeye Inc (NASDAQ:FEYE), 15 have Buy rating, 0 Sell and 19 Hold. Therefore 44% are positive. Fireeye Inc has $65 highest and $11 lowest target. $22.48’s average target is 34.85% above currents $16.67 stock price. Fireeye Inc had 115 analyst reports since July 24, 2015 according to SRatingsIntel. Wedbush maintained the shares of FEYE in report on Monday, January 25 with “Neutral” rating. The firm has “Buy” rating given on Thursday, November 5 by Wunderlich. The rating was maintained by Wedbush on Monday, January 11 with “Neutral”. Northland Capital maintained the shares of FEYE in report on Friday, July 14 with “Buy” rating. The rating was upgraded by Bank of America to “Buy” on Monday, September 25. The firm earned “Neutral” rating on Wednesday, March 9 by Wedbush. The stock has “Outperform” rating by Imperial Capital on Friday, November 6. The firm has “Neutral” rating given on Monday, March 21 by Goldman Sachs. On Tuesday, August 18 the stock rating was upgraded by Imperial Capital to “Outperform”. The firm has “Buy” rating given on Monday, September 18 by Stifel Nicolaus.

More notable recent FireEye, Inc. (NASDAQ:FEYE) news were published by: Fool.com which released: “FireEye Soars on Accelerated Growth, Strong Guidance” on February 09, 2018, also Investorplace.com with their article: “Why a FireEye Deal Makes Some Sense for Microsoft Corporation” published on February 12, 2018, Zacks.com published: “FireEye Beats Q4 Earnings & Revenue Estimates” on February 08, 2018. More interesting news about FireEye, Inc. (NASDAQ:FEYE) were released by: Seekingalpha.com and their article: “FireEye: This Turnaround Story Gains Momentum” published on February 12, 2018 as well as Investorplace.com‘s news article titled: “Despite Growth, FireEye Inc Stock Is a No-Touch at Current Levels” with publication date: February 13, 2018.

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