Forescout Technologies Inc (FSCT) CFO Sells $173,781.04 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 4,898 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $35.48, for a total value of $173,781.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Christopher Harms also recently made the following trade(s):

  • On Thursday, April 11th, Christopher Harms sold 6,239 shares of Forescout Technologies stock. The stock was sold at an average price of $41.41, for a total value of $258,356.99.
  • On Monday, March 11th, Christopher Harms sold 5,182 shares of Forescout Technologies stock. The stock was sold at an average price of $42.45, for a total value of $219,975.90.
  • On Wednesday, February 20th, Christopher Harms sold 5,182 shares of Forescout Technologies stock. The stock was sold at an average price of $38.65, for a total value of $200,284.30.

Shares of FSCT traded down $1.61 during trading hours on Friday, reaching $34.02. The stock had a trading volume of 422,200 shares, compared to its average volume of 629,975. Forescout Technologies Inc has a 12 month low of $22.01 and a 12 month high of $46.43. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.60 billion, a P/E ratio of -19.66 and a beta of 1.32.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.03. The business had revenue of $78.60 million during the quarter, compared to analyst estimates of $73.71 million. Forescout Technologies had a negative return on equity of 63.71% and a negative net margin of 25.80%. Forescout Technologies’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.38) EPS. On average, analysts expect that Forescout Technologies Inc will post -1.85 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSCT. Jericho Capital Asset Management L.P. boosted its stake in 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 worth $129,409,000 after purchasing an additional 2,197,083 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Forescout Technologies in the 1st quarter worth about $402,000. Morgan Stanley boosted its stake in Forescout Technologies by 84.0% in 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 during the period. Macquarie Group Ltd. bought a new position in Forescout Technologies in the 1st quarter worth about $1,725,000. Finally, SEI Investments Co bought a new position in Forescout Technologies in the 1st quarter worth about $610,000. 56.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on FSCT. Zacks Investment Research cut Forescout Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. UBS Group increased their target price on Forescout Technologies from $43.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $49.00 target price (up from $42.00) on shares of Forescout Technologies in a report on Tuesday, March 5th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Forescout Technologies in a report on Monday, March 11th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price on shares of Forescout Technologies in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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Insider Buying and Selling by Quarter for Forescout Technologies (NASDAQ:FSCT)

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