Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $28.60, for a total value of $110,682.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of FSCT traded down $0.52 during mid-day trading on Friday, hitting $27.59. 1,196,331 shares of the stock were exchanged, compared to its average volume of 489,108. The stock has a market capitalization of $1.14 billion and a price-to-earnings ratio of -3.48. Forescout Technologies Inc has a 52-week low of $21.56 and a 52-week high of $40.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16.
Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08). The firm had revenue of $85.63 million during the quarter, compared to analyst estimates of $79.08 million. Forescout Technologies’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. On average, sell-side analysts expect that Forescout Technologies Inc will post -0.95 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Fortaleza Asset Management Inc. purchased a new stake in Forescout Technologies during the 2nd quarter valued at $107,000. Parallel Advisors LLC raised its holdings in Forescout Technologies by 924.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock valued at $127,000 after buying an additional 3,041 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Forescout Technologies during the 2nd quarter valued at $140,000. SG Americas Securities LLC purchased a new stake in Forescout Technologies during the 2nd quarter valued at $161,000. Finally, Royal Bank of Canada raised its holdings in Forescout Technologies by 67,800.0% during the 1st 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 during the period. Institutional investors own 55.56% of the company’s stock.
Several research firms have weighed in on FSCT. Monness Crespi & Hardt dropped their price target on Forescout Technologies from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, October 23rd. Morgan Stanley set a $34.00 price objective on Forescout Technologies and gave the stock a “hold” rating in a report on Friday, October 19th. Robert W. Baird initiated coverage on Forescout Technologies in a report on Wednesday, October 17th. They set an “outperform” rating and a $42.00 price objective on the stock. Finally, ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $38.91.
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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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