Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 4,027 shares of Forescout Technologies stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $30.11, for a total value of $121,252.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Christopher Harms also recently made the following trade(s):
- On Tuesday, September 11th, Christopher Harms sold 4,027 shares of Forescout Technologies stock. The shares were sold at an average price of $37.19, for a total value of $149,764.13.
- On Monday, August 20th, Christopher Harms sold 20,047 shares of Forescout Technologies stock. The stock was sold at an average price of $32.51, for a total value of $651,727.97.
FSCT traded up $0.49 during trading on Friday, reaching $30.33. 318,200 shares of the stock were exchanged, compared to its average volume of 494,123. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.16 and a current ratio of 2.17. The company has a market cap of $1.58 billion and a price-to-earnings ratio of -3.84. Forescout Technologies Inc has a 1 year low of $21.56 and a 1 year high of $40.96.
Forescout Technologies (NASDAQ:FSCT) last posted its earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million for the quarter, compared to analysts’ expectations of $63.57 million. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.31) earnings per share. On average, analysts predict that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new position in shares of Forescout Technologies in the second quarter worth $107,000. NumerixS Investment Technologies Inc acquired a new position in shares of Forescout Technologies in the second quarter worth $140,000. SG Americas Securities LLC acquired a new position in shares of Forescout Technologies in the second quarter worth $161,000. Royal Bank of Canada raised its holdings in shares of Forescout Technologies by 67,800.0% in the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after acquiring an additional 5,424 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Forescout Technologies in the second quarter worth $185,000. 54.40% of the stock is owned by institutional investors.
A number of research firms have commented on FSCT. Needham & Company LLC began coverage on Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Citigroup boosted their target price on Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, July 24th. Finally, Monness Crespi & Hardt began coverage on Forescout Technologies in a research report on Monday, July 9th. They set a “buy” rating and a $42.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.10.
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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