Insider Selling: Forescout Technologies Inc (FSCT) Director Sells $108,930.00 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $36.31, for a total value of $108,930.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of FSCT stock opened at $34.70 on Monday. The company has a market cap of $1.58 billion and a PE ratio of -4.38. Forescout Technologies Inc has a 12-month low of $21.56 and a 12-month high of $40.96. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 0.10.

Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.19. The business had revenue of $67.59 million for the quarter, compared to analysts’ expectations of $63.57 million. The business’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period last year, the company posted ($2.31) earnings per share. On average, equities research analysts expect that Forescout Technologies Inc will post -0.95 earnings per share for the current year.

FSCT has been the subject of a number of analyst reports. Monness Crespi & Hardt initiated 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. Needham & Company LLC initiated coverage on Forescout Technologies in a research note on Friday, September 21st. They set a “buy” rating and a $47.00 target price for the company. UBS Group increased 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. Finally, Citigroup increased 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $39.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Forescout Technologies by 128.7% in the 2nd quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock worth $71,873,000 after acquiring an additional 1,180,601 shares during the period. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Forescout Technologies by 0.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 890,093 shares of the company’s stock worth $30,495,000 after acquiring an additional 6,110 shares during the period. Legal & General Group Plc grew its holdings in shares of Forescout Technologies by 3,211.5% in the 2nd quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock worth $23,655,000 after acquiring an additional 669,599 shares during the period. Emerald Advisers Inc. PA grew its holdings in shares of Forescout Technologies by 26.5% in the 2nd quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock worth $21,170,000 after acquiring an additional 129,530 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Forescout Technologies by 29.7% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 541,296 shares of the company’s stock worth $18,545,000 after acquiring an additional 123,880 shares during the period. Institutional investors and hedge funds own 54.40% of the company’s stock.

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

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