Michael Decesare Sells 10,131 Shares of Forescout Technologies Inc (FSCT) Stock

Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 10,131 shares of the stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $26.32, for a total transaction of $266,647.92. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, December 11th, Michael Decesare sold 10,011 shares of Forescout Technologies stock. The shares were sold at an average price of $26.30, for a total transaction of $263,289.30.
  • On Monday, November 12th, Michael Decesare sold 10,139 shares of Forescout Technologies stock. The shares were sold at an average price of $27.05, for a total transaction of $274,259.95.

FSCT stock traded down $0.52 on Friday, reaching $26.49. The company’s stock had a trading volume of 394,644 shares, compared to its average volume of 441,725. Forescout Technologies Inc has a 12-month low of $22.01 and a 12-month high of $40.96. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -3.34 and a beta of 0.91. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Forescout Technologies had a negative return on equity of 89.81% and a negative net margin of 33.43%. The business had revenue of $85.63 million during the quarter, compared to analysts’ expectations of $79.08 million. During the same period in the previous year, the business earned ($0.21) EPS. The business’s revenue was up 23.5% compared to the same quarter last year. Equities research analysts anticipate that Forescout Technologies Inc will post -1.95 earnings per share for the current year.

FSCT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, October 23rd. Morgan Stanley upgraded shares of Forescout Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $36.00 in a report on Thursday, December 13th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Monness Crespi & Hardt cut their target price on shares of Forescout Technologies from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Finally, Needham & Company LLC initiated coverage on shares of Forescout Technologies in a report on Friday, September 21st. They issued a “buy” rating and a $47.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.73.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc lifted its stake in Forescout Technologies by 8.5% in the third quarter. Vanguard Group Inc now owns 1,243,773 shares of the company’s stock worth $46,966,000 after acquiring an additional 97,273 shares during the period. Marshall Wace LLP purchased a new position in Forescout Technologies during the third quarter valued at $23,833,000. Clearbridge Investments LLC lifted its position in Forescout Technologies by 3.5% during the third quarter. Clearbridge Investments LLC now owns 457,793 shares of the company’s stock valued at $17,286,000 after buying an additional 15,374 shares during the period. Vanguard Group Inc. lifted its position in Forescout Technologies by 8.5% during the third quarter. Vanguard Group Inc. now owns 1,243,773 shares of the company’s stock valued at $46,966,000 after buying an additional 97,273 shares during the period. Finally, Legal & General Group Plc lifted its position in Forescout Technologies by 8.6% during the third quarter. Legal & General Group Plc now owns 749,490 shares of the company’s stock valued at $28,301,000 after buying an additional 59,041 shares during the period. 56.14% of the stock is owned by institutional investors.

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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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