Forescout Technologies Inc (FSCT) CEO Michael Decesare Sells 10,198 Shares

Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 10,198 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $41.38, for a total transaction of $421,993.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Decesare also recently made the following trade(s):

  • On Monday, March 11th, Michael Decesare sold 11,104 shares of Forescout Technologies stock. The shares were 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 shares were sold at an average price of $38.67, for a total transaction of $458,780.88.

FSCT stock opened at $43.30 on Friday. 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 52-week low of $22.01 and a 52-week high of $46.43.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data on Thursday, February 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.24. Forescout Technologies had a negative return on equity of 58.44% and a negative net margin of 25.14%. The company had revenue of $84.73 million for the quarter, compared to the consensus estimate of $77.84 million. During the same period in the previous year, the business earned ($0.13) EPS. Forescout Technologies’s revenue for the quarter was up 34.7% compared to the same quarter last year. Sell-side analysts expect that Forescout Technologies Inc will post -1.86 earnings per share for the current year.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, April 10th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price (up from $47.00) on shares of Forescout Technologies in a research note on Monday, March 11th. Robert W. Baird reiterated a “buy” rating and issued a $44.00 price target on shares of Forescout Technologies in a research note on Wednesday, March 6th. Morgan Stanley set a $46.00 price objective on Forescout Technologies and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, UBS Group increased their price objective on Forescout Technologies from $43.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.78.

Several hedge funds and other institutional investors have recently modified their holdings of FSCT. Marshall Wace LLP bought a new stake in shares of Forescout Technologies in the 3rd quarter valued at approximately $23,833,000. Vista Equity Partners Management LLC bought a new position in Forescout Technologies during the 3rd quarter worth $22,937,000. Renaissance Technologies LLC bought a new position in Forescout Technologies during the 3rd quarter worth $10,437,000. Weiss Multi Strategy Advisers LLC grew its stake in Forescout Technologies by 165.3% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 344,871 shares of the company’s stock worth $8,963,000 after buying an additional 214,871 shares during the last quarter. Finally, Polar Capital LLP bought a new position in Forescout Technologies during the 4th quarter worth $5,295,000. Institutional investors and hedge funds own 56.81% of the company’s stock.

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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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