Forescout Technologies Inc (FSCT) CFO Sells $219,975.90 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 5,182 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $42.45, for a total transaction of $219,975.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Christopher Harms also recently made the following trade(s):

  • On Wednesday, February 20th, Christopher Harms sold 5,182 shares of Forescout Technologies stock. The shares were sold at an average price of $38.65, for a total transaction of $200,284.30.
  • On Friday, January 11th, Christopher Harms sold 7,957 shares of Forescout Technologies stock. The shares were sold at an average price of $26.36, for a total transaction of $209,746.52.

NASDAQ:FSCT opened at $43.97 on Friday. 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 firm has a market cap of $1.91 billion, a price-to-earnings ratio of -25.42 and a beta of 1.42. Forescout Technologies Inc has a fifty-two week low of $22.01 and a fifty-two week high of $44.70.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data 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. The company had revenue of $84.73 million during the quarter, compared to analysts’ expectations of $77.84 million. Forescout Technologies had a negative net margin of 25.14% and a negative return on equity of 58.44%. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. As a group, equities research analysts predict that Forescout Technologies Inc will post -1.86 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in FSCT. Bank of America Corp DE grew its holdings in shares of Forescout Technologies by 58.2% during the second quarter. Bank of America Corp DE now owns 50,583 shares of the company’s stock worth $1,733,000 after buying an additional 18,617 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Forescout Technologies during the third quarter worth $209,000. US Bancorp DE grew its holdings in shares of Forescout Technologies by 3,291.1% during the third quarter. US Bancorp DE now owns 28,824 shares of the company’s stock worth $1,088,000 after buying an additional 27,974 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Forescout Technologies by 36.0% during the third quarter. Wells Fargo & Company MN now owns 39,236 shares of the company’s stock worth $1,482,000 after buying an additional 10,394 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Forescout Technologies by 1,174.8% during the third quarter. SG Americas Securities LLC now owns 60,043 shares of the company’s stock worth $2,267,000 after buying an additional 55,333 shares in the last quarter. 59.42% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on FSCT shares. Morgan Stanley upgraded shares of Forescout Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $34.00 to $36.00 in a research note on Thursday, December 13th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $42.00 target price (up from $40.00) on shares of Forescout Technologies in a research note on Friday, February 8th. ValuEngine cut shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Berenberg Bank started coverage on shares of Forescout Technologies in a research note on Thursday, November 29th. They issued a “buy” rating and a $41.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Forescout Technologies from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. 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.

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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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