Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 4,770 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $28.58, for a total transaction of $136,326.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Christopher Harms also recently made the following trade(s):
- On Thursday, October 11th, Christopher Harms sold 4,027 shares of Forescout Technologies stock. The shares were sold at an average price of $30.11, for a total transaction of $121,252.97.
- 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 transaction of $149,764.13.
- On Monday, August 20th, Christopher Harms sold 20,047 shares of Forescout Technologies stock. The shares were sold at an average price of $32.51, for a total transaction of $651,727.97.
FSCT traded down $0.52 during mid-day trading on Friday, hitting $27.59. The stock had a trading volume of 1,196,331 shares, compared to its average volume of 489,108. 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 firm has a market cap of $1.14 billion and a PE ratio of -3.48. 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, 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). The business had revenue of $85.63 million for the quarter, compared to the consensus estimate of $79.08 million. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) EPS. Equities analysts forecast that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in Forescout Technologies by 2.8% in the first quarter. Northern Trust Corp now owns 70,862 shares of the company’s stock worth $2,300,000 after purchasing an additional 1,922 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Forescout Technologies by 24.4% during the third quarter. Essex Investment Management Co. LLC now owns 10,783 shares of the company’s stock worth $407,000 after acquiring an additional 2,116 shares during the period. Pendal Group Ltd raised its holdings in shares of Forescout Technologies by 3.1% during the third quarter. Pendal Group Ltd now owns 75,662 shares of the company’s stock worth $2,857,000 after acquiring an additional 2,308 shares during the period. Parallel Advisors LLC raised its holdings in shares of Forescout Technologies by 924.3% during the third quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock worth $127,000 after acquiring an additional 3,041 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of Forescout Technologies during the second quarter worth $107,000. Institutional investors own 55.56% of the company’s stock.
A number of equities analysts have issued reports on the stock. Monness Crespi & Hardt reduced their price objective on shares of Forescout Technologies from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, October 23rd. Robert W. Baird assumed coverage on shares of Forescout Technologies in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $42.00 price objective on the stock. UBS Group raised their price objective on shares of Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Needham & Company LLC assumed 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 on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target 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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