Forescout Technologies Inc (NASDAQ:FSCT) Director Sells $132,360.00 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 4,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $33.09, for a total value of $132,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Forescout Technologies stock traded up $0.16 during midday trading on Friday, reaching $38.44. The company had a trading volume of 457,596 shares, compared to its average volume of 507,188. The company has a market capitalization of $1.74 billion, a P/E ratio of -22.22 and a beta of 1.55. Forescout Technologies Inc has a 12-month low of $22.01 and a 12-month high of $46.43. The business has a fifty day moving average of $34.24. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.26.

Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.03. The firm had revenue of $78.60 million for the quarter, compared to analyst estimates of $73.71 million. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. Forescout Technologies’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company posted ($0.38) EPS. On average, research analysts forecast that Forescout Technologies Inc will post -1.85 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of FSCT. Psagot Investment House Ltd. lifted its stake in Forescout Technologies by 41.0% in the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after purchasing an additional 332 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in Forescout Technologies in the 4th quarter worth approximately $60,000. Parallel Advisors LLC lifted its stake in Forescout Technologies by 105.6% in the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock worth $102,000 after purchasing an additional 1,256 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Forescout Technologies by 57.1% in the 4th quarter. Acadian Asset Management LLC now owns 3,506 shares of the company’s stock worth $91,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Forescout Technologies in the 1st quarter worth approximately $199,000. 61.03% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on FSCT. Macquarie began coverage on Forescout Technologies in a research report on Tuesday, July 16th. They set a “neutral” rating and a $41.00 price target on the stock. Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Forescout Technologies has a consensus rating of “Buy” and a consensus price target of $44.80.

Forescout Technologies Company Profile

Forescout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.

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