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Insider Trends: 90-Day Insider Buying Trend Reduced with Disposition of FireEye Shares

05/11/2021 15:04

07:04 PM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Director and CEO, Kevin R Mandia, executed a sale of 150,000 shares in FireEye (FEYE) for $3,009,060. Mandia, subsequent to the transactions designated in the SEC Form 4 filing, controls 3,796,484 shares of the company of which 3,311,608 shares are held directly and 484,876 shares are owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $74.2 million.

Over the last 90 days, previous to the date of this filing, there have been 14 insider transactions reported to the SEC for FireEye. These transactions came from the activities of 6 individual insiders that resulted in a net acquisition of 735,232 company shares. This compares with the preceding 90-day window of time where there were 8 transactions from 5 insiders and resulted in the net disposition of 259,802 shares.

This is less than the average level of insider transactions in the 118-company Software peer group over the last 90-day period. Within the peer group activity averaged 90.1 transactions per company, with company insiders acquiring on average 180,665 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1370880/000120919121031857/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.