Forescout Technologies Inc (NASDAQ:FSCT) CFO Sells $338,926.05 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 8,945 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $37.89, for a total transaction of $338,926.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, June 13th, Christopher Harms sold 4,898 shares of Forescout Technologies stock. The stock was sold at an average price of $32.55, for a total transaction of $159,429.90.
  • On Thursday, May 16th, Christopher Harms sold 4,898 shares of Forescout Technologies stock. The stock was sold at an average price of $35.48, for a total transaction of $173,781.04.

FSCT opened at $38.28 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.72 billion, a PE ratio of -22.13 and a beta of 1.55. Forescout Technologies Inc has a twelve month low of $22.01 and a twelve month high of $46.43. The company has a 50-day moving average of $34.11.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.03. The firm had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $73.71 million. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.38) earnings per share. On average, sell-side analysts expect that Forescout Technologies Inc will post -1.85 EPS for the current year.

Several research firms recently weighed in on FSCT. Macquarie began coverage on shares of Forescout Technologies in a report on Tuesday. They set a “neutral” rating and a $41.00 price target on the stock. Zacks Investment Research cut shares of General Finance from a “buy” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Forescout Technologies has an average rating of “Buy” and a consensus target price of $44.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC purchased a new position in Forescout Technologies in the second quarter valued at about $1,964,000. Sphera Funds Management LTD. boosted its stake in Forescout Technologies by 27.8% in the first quarter. Sphera Funds Management LTD. now owns 75,625 shares of the company’s stock valued at $3,169,000 after acquiring an additional 16,456 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Forescout Technologies by 3.7% in the first quarter. Clearbridge Investments LLC now owns 883,936 shares of the company’s stock valued at $37,046,000 after acquiring an additional 31,325 shares during the last quarter. Delek Group Ltd. purchased a new position in Forescout Technologies in the first quarter valued at about $722,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Forescout Technologies in the first quarter valued at about $672,000. Hedge funds and other institutional investors own 61.03% 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 CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.

Recommended Story: What is the float in trading stocks?

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

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.