Insider Selling: Forescout Technologies Inc (FSCT) CEO Sells 9,930 Shares of Stock

Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 9,930 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $37.19, for a total value of $369,296.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Michael Decesare also recently made the following trade(s):

  • On Monday, August 13th, Michael Decesare sold 10,198 shares of Forescout Technologies stock. The stock was sold at an average price of $34.80, for a total value of $354,890.40.

NASDAQ:FSCT opened at $38.25 on Friday. Forescout Technologies Inc has a 1 year low of $21.56 and a 1 year high of $39.36. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 0.10.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The business had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. The company’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.31) earnings per share. equities research analysts expect that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.

Several research firms recently commented on FSCT. UBS Group boosted their target price on Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, July 24th. JPMorgan Chase & Co. boosted their target price on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Citigroup boosted their target price on Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Finally, Monness Crespi & Hardt began coverage on Forescout Technologies in a research note on Monday, July 9th. They set a “buy” rating and a $42.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $38.67.

Large investors have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $107,000. NumerixS Investment Technologies Inc acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $140,000. SG Americas Securities LLC acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $161,000. Royal Bank of Canada boosted its position in shares of Forescout Technologies by 67,800.0% during the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after acquiring an additional 5,424 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $185,000. 54.40% of the stock is owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for Forescout Technologies (NASDAQ:FSCT)

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