Forescout Technologies Inc (FSCT) Director Sells $23,909.38 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director T Kent Elliott sold 569 shares of the business’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $42.02, for a total transaction of $23,909.38. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, March 19th, T Kent Elliott sold 25,334 shares of Forescout Technologies stock. The stock was sold at an average price of $45.01, for a total transaction of $1,140,283.34.
  • On Monday, March 11th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $26.60, for a total transaction of $15,135.40.

FSCT stock opened at $38.13 on Friday. Forescout Technologies Inc has a 1-year low of $22.01 and a 1-year high of $46.43. 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 (NASDAQ:FSCT) last announced its quarterly earnings results on Thursday, February 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 company had revenue of $84.73 million during the quarter, compared to the consensus estimate of $77.84 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. Research analysts expect that Forescout Technologies Inc will post -1.86 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sciencast Management LP acquired a new position in Forescout Technologies in the first quarter worth approximately $399,000. Virtu Financial LLC acquired a new position in Forescout Technologies in the first quarter worth approximately $414,000. Deutsche Bank AG increased its holdings in Forescout Technologies by 41.9% in the fourth quarter. Deutsche Bank AG now owns 401,619 shares of the company’s stock worth $10,437,000 after buying an additional 118,600 shares during the last quarter. Geode Capital Management LLC increased its holdings in Forescout Technologies by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 284,358 shares of the company’s stock worth $7,390,000 after buying an additional 24,067 shares during the last quarter. Finally, Psagot Investment House Ltd. increased its holdings in Forescout Technologies by 41.0% in the fourth quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after buying an additional 332 shares during the last quarter. 57.20% of the stock is owned by institutional investors.

FSCT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Monday, February 11th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, February 10th. Morgan Stanley set a $42.00 target price on shares of Forescout Technologies and gave the company a “buy” rating in a research note on Friday, February 8th. Monness Crespi & Hardt reiterated a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of Forescout Technologies in a research note on Friday, February 8th. Finally, Robert W. Baird reiterated a “buy” rating and set a $44.00 target price on shares of Forescout Technologies in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Forescout Technologies has an average rating of “Buy” and a consensus price target 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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Insider Buying and Selling by Quarter for Forescout Technologies (NASDAQ:FSCT)

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