Insider Selling: Forescout Technologies Inc (FSCT) Director Sells 25,334 Shares of Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director T Kent Elliott sold 25,334 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $45.01, for a total transaction of $1,140,283.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

T Kent Elliott also recently made the following trade(s):

  • On Friday, March 29th, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $42.02, for a total transaction of $23,909.38.
  • On Monday, March 11th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The shares were sold at an average price of $42.49, for a total transaction of $1,293,947.97.
  • On Friday, March 1st, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $41.54, for a total transaction of $23,636.26.
  • On Wednesday, February 13th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The shares were sold at an average price of $37.78, for a total transaction of $1,150,514.34.
  • On Tuesday, January 29th, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $29.05, for a total transaction of $16,529.45.
  • On Wednesday, January 9th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The shares were sold at an average price of $26.78, for a total transaction of $815,531.34.
  • On Monday, December 31st, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $26.60, for a total transaction of $15,135.40.

Shares of FSCT traded down $1.13 during mid-day trading on Monday, hitting $39.74. 597,850 shares of the company’s stock were exchanged, compared to its average volume of 585,099. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.30 and a current ratio of 1.31. Forescout Technologies Inc has a fifty-two week low of $22.01 and a fifty-two week high of $46.43. The stock has a market capitalization of $1.82 billion, a PE ratio of -22.97 and a beta of 1.40.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results 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. Forescout Technologies had a negative net margin of 25.14% and a negative return on equity of 58.44%. The firm had revenue of $84.73 million for the quarter, compared to analyst estimates of $77.84 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts predict that Forescout Technologies Inc will post -1.86 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Forescout Technologies by 2.2% during the third quarter. BlackRock Inc. now owns 2,143,076 shares of the company’s stock worth $80,923,000 after buying an additional 45,170 shares during the period. Vanguard Group Inc increased its stake in shares of Forescout Technologies by 8.5% during the third quarter. Vanguard Group Inc now owns 1,243,773 shares of the company’s stock worth $46,966,000 after buying an additional 97,273 shares during the period. Vanguard Group Inc. increased its stake in shares of Forescout Technologies by 8.5% during the third quarter. Vanguard Group Inc. now owns 1,243,773 shares of the company’s stock worth $46,966,000 after buying an additional 97,273 shares during the period. Emerald Advisers LLC increased its stake in shares of Forescout Technologies by 13.4% during the fourth quarter. Emerald Advisers LLC now owns 1,016,481 shares of the company’s stock worth $26,418,000 after buying an additional 119,804 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of Forescout Technologies by 8.7% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 894,701 shares of the company’s stock worth $23,253,000 after buying an additional 71,980 shares during the period. Hedge funds and other institutional investors own 57.20% of the company’s stock.

FSCT has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Forescout Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. ValuEngine cut shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $42.00 target price (up previously from $40.00) on shares of Forescout Technologies in a research report on Friday, February 8th. 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. Finally, UBS Group increased their price target on shares of Forescout Technologies from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Forescout Technologies currently has an average rating of “Buy” and an average target price of $45.78.

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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 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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