Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 11,104 shares of Forescout Technologies stock in a transaction on Monday, March 11th. The shares were sold at an average price of $42.45, for a total transaction of $471,364.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Michael Decesare also recently made the following trade(s):
- On Wednesday, February 20th, Michael Decesare sold 11,864 shares of Forescout Technologies stock. The shares were sold at an average price of $38.67, for a total transaction of $458,780.88.
- On Friday, January 11th, Michael Decesare sold 10,131 shares of Forescout Technologies stock. The shares were sold at an average price of $26.32, for a total transaction of $266,647.92.
Shares of NASDAQ:FSCT opened at $44.09 on Thursday. Forescout Technologies Inc has a fifty-two week low of $22.01 and a fifty-two week high of $44.54. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -25.49 and a beta of 1.42.
Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, February 7th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.24. Forescout Technologies had a negative return on equity of 58.44% and a negative net margin of 25.14%. The business had revenue of $84.73 million during the quarter, compared to analyst estimates of $77.84 million. During the same quarter in the previous year, the firm earned ($0.13) EPS. Forescout Technologies’s revenue was up 34.7% on a year-over-year basis. Sell-side analysts forecast that Forescout Technologies Inc will post -1.86 earnings per share for the current year.
Large investors have recently modified their holdings of the business. Psagot Investment House Ltd. raised its position in Forescout Technologies by 41.0% in the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after buying an additional 332 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Forescout Technologies by 151.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock worth $36,000 after buying an additional 831 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Forescout Technologies in the 4th quarter worth about $60,000. Pearl River Capital LLC purchased a new stake in shares of Forescout Technologies during the 4th quarter valued at about $66,000. Finally, Sun Life Financial INC purchased a new stake in shares of Forescout Technologies during the 4th quarter valued at about $89,000. 59.42% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on FSCT. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price target on shares of Forescout Technologies in a research report on Wednesday, March 6th. UBS Group lifted their price target on Forescout Technologies from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research lowered Forescout Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $49.00 price target (up previously from $42.00) on shares of Forescout Technologies in a research report on Tuesday, March 5th. Finally, ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, February 10th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.40.
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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