Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 10,212 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $30.14, for a total value of $307,789.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael Decesare also recently made the following trade(s):
- On Tuesday, September 11th, Michael Decesare sold 9,930 shares of Forescout Technologies stock. The stock was sold at an average price of $37.19, for a total value of $369,296.70.
- On Monday, August 13th, Michael Decesare sold 10,198 shares of Forescout Technologies stock. The stock was sold at an average price of $34.80, for a total value of $354,890.40.
Shares of NASDAQ FSCT traded up $0.49 during mid-day trading on Friday, reaching $30.33. 318,200 shares of the company’s stock were exchanged, compared to its average volume of 494,123. The stock has a market cap of $1.58 billion and a PE ratio of -3.84. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 0.10. Forescout Technologies Inc has a 52-week low of $21.56 and a 52-week high of $40.96.
Forescout Technologies (NASDAQ:FSCT) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $63.57 million. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.31) earnings per share. Research analysts predict that Forescout Technologies Inc will post -0.95 EPS for the current year.
A number of analysts have issued reports on FSCT shares. ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday. Needham & Company LLC started coverage on Forescout Technologies in a research note on Friday, September 21st. They issued a “buy” rating and a $47.00 target price for the company. UBS Group raised their target price on Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Monness Crespi & Hardt started coverage on Forescout Technologies in a research note on Monday, July 9th. They issued a “buy” rating and a $42.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Forescout Technologies currently has an average rating of “Buy” and a consensus target price of $39.10.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. purchased a new position in shares of Forescout Technologies during the 2nd quarter worth $107,000. NumerixS Investment Technologies Inc purchased a new position in shares of Forescout Technologies during the 2nd quarter worth $140,000. SG Americas Securities LLC purchased a new position in shares of Forescout Technologies during the 2nd quarter worth $161,000. Royal Bank of Canada grew its holdings in shares of Forescout Technologies by 67,800.0% during the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after purchasing an additional 5,424 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Forescout Technologies during the 2nd quarter worth $185,000. Institutional investors and hedge funds own 54.40% of the company’s stock.
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.
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