Insider Selling: Forescout Technologies Inc (NASDAQ:FSCT) Director Sells 4,000 Shares of Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 4,000 shares of Forescout Technologies stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $33.01, for a total transaction of $132,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ:FSCT traded up $0.02 during trading on Friday, hitting $36.55. 1,293,500 shares of the stock traded hands, compared to its average volume of 579,634. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a market capitalization of $1.65 billion, a P/E ratio of -21.13 and a beta of 1.55. The business’s fifty day simple moving average is $36.31. Forescout Technologies Inc has a 52-week low of $22.01 and a 52-week high of $46.43.

Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.47. The company had revenue of $78.28 million during the quarter, compared to analyst estimates of $77.22 million. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. As a group, equities research analysts anticipate that Forescout Technologies Inc will post -1.85 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in Forescout Technologies by 1.4% in the 1st quarter. Rhumbline Advisers now owns 40,212 shares of the company’s stock worth $1,685,000 after acquiring an additional 550 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Forescout Technologies by 4.4% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,975 shares of the company’s stock worth $586,000 after acquiring an additional 590 shares in the last quarter. Albert D Mason Inc. increased its holdings in Forescout Technologies by 5.5% in the 2nd quarter. Albert D Mason Inc. now owns 18,775 shares of the company’s stock worth $636,000 after acquiring an additional 985 shares in the last quarter. Delek Group Ltd. increased its holdings in Forescout Technologies by 7.2% in the 2nd quarter. Delek Group Ltd. now owns 18,566 shares of the company’s stock worth $614,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Forescout Technologies by 105.6% in the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock worth $102,000 after acquiring an additional 1,256 shares in the last quarter. 61.15% of the stock is owned by institutional investors.

Several research firms have recently weighed in on FSCT. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 target price on shares of Forescout Technologies in a report on Thursday. Zacks Investment Research lowered shares of Forescout Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, Macquarie began coverage on shares of Forescout Technologies in a report on Tuesday, July 16th. They set a “neutral” rating and a $41.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.56.

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.

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

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