Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 9,930 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $37.19, for a total value of $369,296.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Michael Decesare also recently made the following trade(s):
- On Monday, August 13th, Michael Decesare sold 10,198 shares of Forescout Technologies stock. The shares were sold at an average price of $34.80, for a total value of $354,890.40.
Shares of NASDAQ FSCT opened at $34.70 on Friday. The stock has a market capitalization of $1.58 billion and a price-to-earnings ratio of -4.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.16 and a current ratio of 2.17. Forescout Technologies Inc has a twelve month low of $21.56 and a twelve month high of $40.96.
Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.19. The business had revenue of $67.59 million during the quarter, compared to the consensus estimate of $63.57 million. Forescout Technologies’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.31) earnings per share. Research analysts forecast that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.
A number of research firms recently issued reports on FSCT. Needham & Company LLC began coverage on Forescout Technologies in a research note on Friday, September 21st. They set a “buy” rating and a $47.00 price objective on the stock. UBS Group boosted their price objective on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. boosted their price objective on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Zacks Investment Research lowered Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Citigroup upped their target price on Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Forescout Technologies currently has a consensus rating of “Buy” and a consensus price target of $39.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its position in shares of Forescout Technologies by 2.8% during the 1st quarter. Northern Trust Corp now owns 70,862 shares of the company’s stock valued at $2,300,000 after purchasing an additional 1,922 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of Forescout Technologies during the 2nd quarter valued at about $107,000. Cubist Systematic Strategies LLC increased its position in shares of Forescout Technologies by 51.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,520 shares of the company’s stock valued at $326,000 after purchasing an additional 3,241 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Forescout Technologies during the 2nd quarter valued at about $140,000. Finally, Van ECK Associates Corp increased its position in shares of Forescout Technologies by 295.4% during the 2nd quarter. Van ECK Associates Corp now owns 5,730 shares of the company’s stock valued at $196,000 after purchasing an additional 4,281 shares during the last quarter. Institutional investors and hedge funds own 54.40% 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 ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.
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