Forescout Technologies Inc (NASDAQ:FSCT) Insider Pedro Abreu Sells 5,048 Shares

Forescout Technologies Inc (NASDAQ:FSCT) insider Pedro Abreu sold 5,048 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $33.65, for a total value of $169,865.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Pedro Abreu also recently made the following trade(s):

  • On Thursday, May 30th, Pedro Abreu sold 3,537 shares of Forescout Technologies stock. The shares were sold at an average price of $32.56, for a total value of $115,164.72.

FSCT traded up $0.16 during midday trading on Friday, hitting $38.44. 457,596 shares of the company were exchanged, compared to its average volume of 507,188. The business has a 50 day moving average of $34.24. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -22.22 and a beta of 1.55. 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 Inc has a 1-year low of $22.01 and a 1-year high of $46.43.

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

Several equities analysts recently issued reports on the company. Macquarie assumed coverage on Forescout Technologies in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $41.00 target price 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.80.

Large investors have recently bought and sold shares of the company. Psagot Investment House Ltd. grew its position in shares of Forescout Technologies by 41.0% during the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock valued at $30,000 after acquiring an additional 332 shares during the period. Great West Life Assurance Co. Can purchased a new position in Forescout Technologies in the 4th quarter valued at about $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 valued at $102,000 after buying 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 valued at $91,000 after buying an additional 1,274 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Forescout Technologies in the 1st quarter valued at about $199,000. Hedge funds and other institutional investors own 61.03% of the company’s stock.

About Forescout Technologies

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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