Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 15,227 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $35.09, for a total transaction of $534,315.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Decesare also recently made the following trade(s):
- On Thursday, April 11th, Michael Decesare sold 10,198 shares of Forescout Technologies stock. The stock was sold at an average price of $41.38, for a total transaction of $421,993.24.
- On Monday, March 11th, Michael Decesare sold 11,104 shares of Forescout Technologies stock. The stock was sold at an average price of $42.45, for a total transaction of $471,364.80.
- On Wednesday, February 20th, Michael Decesare sold 11,864 shares of Forescout Technologies stock. The stock was sold at an average price of $38.67, for a total transaction of $458,780.88.
Forescout Technologies stock traded down $1.61 during trading hours on Friday, reaching $34.02. 422,200 shares of the company’s stock traded hands, compared to its average volume of 629,975. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Forescout Technologies Inc has a fifty-two week low of $22.01 and a fifty-two week high of $46.43. The company has a market cap of $1.60 billion, a PE ratio of -19.66 and a beta of 1.32.
Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.03. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The company had revenue of $78.60 million for the quarter, compared to the consensus estimate of $73.71 million. During the same period in the prior year, the company posted ($0.38) EPS. The company’s revenue was up 31.7% compared to the same quarter last year. Research analysts forecast that Forescout Technologies Inc will post -1.85 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. raised its position in shares of Forescout Technologies by 246.7% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,087,794 shares of the company’s stock valued at $129,409,000 after acquiring an additional 2,197,083 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Forescout Technologies during the 1st quarter worth approximately $402,000. Morgan Stanley increased its stake in Forescout Technologies by 84.0% during the 1st quarter. Morgan Stanley now owns 202,775 shares of the company’s stock worth $8,498,000 after purchasing an additional 92,570 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Forescout Technologies during the 1st quarter worth approximately $1,725,000. Finally, SEI Investments Co bought a new stake in Forescout Technologies during the 1st quarter worth approximately $610,000. Institutional investors own 56.14% of the company’s stock.
FSCT has been the topic of several research reports. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, February 11th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, February 10th. Morgan Stanley set a $42.00 price target on shares of Forescout Technologies and gave the stock a “buy” rating in a research report on Friday, February 8th. Monness Crespi & Hardt reiterated a “buy” rating and set a $42.00 price target (up previously from $40.00) on shares of Forescout Technologies in a research report on Friday, February 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of Forescout Technologies in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.78.
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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 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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