Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $27.29, for a total transaction of $40,935.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
FSCT traded down $0.52 during trading on Friday, reaching $27.59. 1,196,331 shares of the company’s stock were exchanged, compared to its average volume of 489,108. Forescout Technologies Inc has a one year low of $21.56 and a one year 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. The firm has a market capitalization of $1.14 billion and a price-to-earnings ratio of -3.48.
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 Zacks’ consensus estimate of ($0.11) by ($0.08). The business had revenue of $85.63 million for the quarter, compared to analysts’ expectations of $79.08 million. During the same quarter last year, the firm earned ($0.21) earnings per share. Forescout Technologies’s revenue was up 23.5% on a year-over-year basis. As a group, equities research analysts predict that Forescout Technologies Inc will post -0.95 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fortaleza Asset Management Inc. bought a new stake in Forescout Technologies during the 2nd quarter worth approximately $107,000. Parallel Advisors LLC boosted its stake in shares of Forescout Technologies by 924.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock valued at $127,000 after purchasing an additional 3,041 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Forescout Technologies in the 2nd quarter valued at $140,000. SG Americas Securities LLC bought a new stake in shares of Forescout Technologies in the 2nd quarter valued at $161,000. Finally, Royal Bank of Canada boosted its stake in shares of Forescout Technologies by 67,800.0% in the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after purchasing an additional 5,424 shares during the last quarter. 55.56% of the stock is currently owned by hedge funds and other institutional investors.
FSCT has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Robert W. Baird initiated coverage on shares of Forescout Technologies in a research report on Wednesday, October 17th. They set an “outperform” rating and a $42.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 price objective for the company. Citigroup upped their price objective on shares of Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $38.91.
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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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