Insider Selling: Forescout Technologies Inc (FSCT) Director Sells 30,453 Shares of Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director T Kent Elliott sold 30,453 shares of the company’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $31.09, for a total value of $946,783.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

T Kent Elliott also recently made the following trade(s):

  • On Monday, October 1st, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $37.62, for a total value of $21,405.78.
  • On Wednesday, September 12th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The shares were sold at an average price of $37.06, for a total value of $1,128,588.18.
  • On Wednesday, August 29th, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $36.00, for a total value of $20,484.00.
  • On Monday, August 13th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The shares were sold at an average price of $34.80, for a total value of $1,059,764.40.

FSCT traded up $0.49 on Friday, reaching $30.33. The company’s stock had a trading volume of 318,200 shares, compared to its average volume of 494,123. The company has a market capitalization of $1.58 billion and a P/E ratio of -3.84. Forescout Technologies Inc has a 1 year low of $21.56 and a 1 year high of $40.96. 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 (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. During the same quarter in the previous year, the company earned ($2.31) EPS. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts forecast that Forescout Technologies Inc will post -0.95 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FSCT. Fortaleza Asset Management Inc. acquired a new stake in Forescout Technologies during the second quarter valued at approximately $107,000. NumerixS Investment Technologies Inc acquired a new stake in Forescout Technologies during the second quarter valued at approximately $140,000. SG Americas Securities LLC acquired a new stake in Forescout Technologies during the second quarter valued at approximately $161,000. Royal Bank of Canada raised its stake in Forescout Technologies by 67,800.0% during the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after buying an additional 5,424 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Forescout Technologies during the second quarter valued at approximately $185,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

FSCT has been the subject of a number of analyst reports. ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday. Needham & Company LLC initiated coverage on Forescout Technologies in a report on Friday, September 21st. They issued a “buy” rating and a $47.00 price target for the company. UBS Group increased their price target on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, Monness Crespi & Hardt initiated coverage on Forescout Technologies in a report on Monday, July 9th. They issued a “buy” rating and a $42.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.10.

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 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.

Read More: The Discount Rate – What You Need to Know

Insider Buying and Selling by Quarter for Forescout Technologies (NASDAQ:FSCT)

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply