Forescout Technologies Inc (FSCT) SVP Sells $850,829.76 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 24,096 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $35.31, for a total transaction of $850,829.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Forescout Technologies stock traded down $1.61 during mid-day trading on Friday, reaching $34.02. The company had a trading volume of 422,200 shares, compared to its average volume of 629,975. Forescout Technologies Inc has a 1 year low of $22.01 and a 1 year high of $46.43. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.60 billion, a PE ratio of -19.91 and a beta of 1.32.

Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $73.71 million. During the same period last year, the company posted ($0.38) earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts forecast that Forescout Technologies Inc will post -1.85 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of FSCT. Psagot Investment House Ltd. increased its stake in shares of Forescout Technologies by 41.0% during the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after purchasing an additional 332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Forescout Technologies by 151.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock worth $36,000 after purchasing an additional 831 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $60,000. Pearl River Capital LLC purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $66,000. Finally, Sun Life Financial INC purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $89,000. 56.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on FSCT. Morgan Stanley set a $42.00 price objective on shares of Forescout Technologies and gave the company a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Monness Crespi & Hardt restated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Forescout Technologies in a research report on Friday, February 8th. Finally, Needham & Company LLC reaffirmed 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $45.78.

TRADEMARK VIOLATION WARNING: “Forescout Technologies Inc (FSCT) SVP Sells $850,829.76 in Stock” was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/05/17/forescout-technologies-inc-fsct-svp-sells-850829-76-in-stock.html.

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.

Featured Story: What is the strike price in options trading?

Insider Buying and Selling by Quarter for Forescout Technologies (NASDAQ:FSCT)

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.