Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $38.22, for a total transaction of $147,911.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
NASDAQ FSCT traded down $0.01 during mid-day trading on Friday, reaching $38.20. 341,600 shares of the stock were exchanged, compared to its average volume of 583,135. Forescout Technologies Inc has a one year low of $22.01 and a one year high of $46.43. The company has a 50 day moving average of $33.51. The stock has a market cap of $1.70 billion, a PE ratio of -22.08 and a beta of 1.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.24.
Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The business had revenue of $78.60 million during the quarter, compared to the consensus estimate of $73.71 million. During the same quarter last year, the firm earned ($0.38) earnings per share. Forescout Technologies’s quarterly revenue was up 31.7% on a year-over-year basis. Sell-side analysts expect that Forescout Technologies Inc will post -1.85 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.22.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Psagot Investment House Ltd. grew its holdings in Forescout Technologies by 41.0% in the fourth quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after purchasing an additional 332 shares during the period. Rhumbline Advisers grew its holdings in Forescout Technologies by 1.4% in the first quarter. Rhumbline Advisers now owns 40,212 shares of the company’s stock worth $1,685,000 after purchasing an additional 550 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Forescout Technologies by 4.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,975 shares of the company’s stock worth $586,000 after purchasing an additional 590 shares during the period. Citigroup Inc. grew its holdings in Forescout Technologies by 10.4% in the fourth quarter. Citigroup Inc. now owns 12,976 shares of the company’s stock worth $337,000 after purchasing an additional 1,227 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Forescout Technologies by 105.6% in the first quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock worth $102,000 after purchasing an additional 1,256 shares during the period. 61.03% of the stock is owned by institutional investors and hedge funds.
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 CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.
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