Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the stock in a transaction on Friday, January 11th. The shares were sold at an average price of $26.30, for a total transaction of $101,781.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of FSCT traded down $0.52 during trading hours on Friday, hitting $26.49. The stock had a trading volume of 394,600 shares, compared to its average volume of 441,725. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.16 and a current ratio of 2.16. Forescout Technologies Inc has a 52 week low of $22.01 and a 52 week high of $40.96. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -3.34 and a beta of 0.91.
Forescout Technologies (NASDAQ:FSCT) last posted its earnings results on Thursday, November 8th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08). Forescout Technologies had a negative return on equity of 89.81% and a negative net margin of 33.43%. The firm had revenue of $85.63 million during the quarter, compared to the consensus estimate of $79.08 million. During the same period in the previous year, the company posted ($0.21) EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Forescout Technologies Inc will post -1.95 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Forescout Technologies by 2.2% in the 3rd quarter. BlackRock Inc. now owns 2,143,076 shares of the company’s stock worth $80,923,000 after purchasing an additional 45,170 shares during the last quarter. Vanguard Group Inc. grew its holdings in Forescout Technologies by 8.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,243,773 shares of the company’s stock worth $46,966,000 after acquiring an additional 97,273 shares during the last quarter. Vanguard Group Inc grew its holdings in Forescout Technologies by 8.5% during the 3rd quarter. Vanguard Group Inc now owns 1,243,773 shares of the company’s stock worth $46,966,000 after acquiring an additional 97,273 shares during the last quarter. Emerald Advisers Inc. PA grew its holdings in Forescout Technologies by 45.1% during the 3rd quarter. Emerald Advisers Inc. PA now owns 896,677 shares of the company’s stock worth $33,859,000 after acquiring an additional 278,766 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in Forescout Technologies by 52.0% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 822,721 shares of the company’s stock worth $31,066,000 after acquiring an additional 281,425 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on FSCT shares. Needham & Company LLC started coverage on shares of Forescout Technologies in a research note on Friday, September 21st. They issued a “buy” rating and a $47.00 price objective for the company. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 9th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Robert W. Baird started coverage on shares of Forescout Technologies in a report on Wednesday, October 17th. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Morgan Stanley set a $34.00 target price on shares of Forescout Technologies and gave the stock a “hold” rating in a report on Friday, October 19th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Forescout Technologies presently has a consensus rating of “Buy” and an average price target of $39.73.
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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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