Forescout Technologies Inc (NASDAQ:FSCT) CFO Sells $279,022.60 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 7,676 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $36.35, for a total transaction of $279,022.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, July 15th, Christopher Harms sold 8,945 shares of Forescout Technologies stock. The stock was sold at an average price of $37.89, for a total transaction of $338,926.05.
  • On Thursday, June 13th, Christopher Harms sold 4,898 shares of Forescout Technologies stock. The stock was sold at an average price of $32.55, for a total transaction of $159,429.90.

NASDAQ:FSCT traded down $0.23 on Friday, reaching $36.21. 423,600 shares of the company’s stock were exchanged, compared to its average volume of 573,273. The business has a fifty day moving average of $36.79 and a 200-day moving average of $37.69. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Forescout Technologies Inc has a 52-week low of $22.01 and a 52-week high of $46.43. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -20.93 and a beta of 1.55.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Wednesday, August 7th. The company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.47. Forescout Technologies had a negative net margin of 28.14% and a negative return on equity of 73.42%. The firm had revenue of $78.28 million for the quarter, compared to analyst estimates of $77.22 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Forescout Technologies Inc will post -1.84 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in FSCT. BlackRock Inc. increased its stake in shares of Forescout Technologies by 46.3% during the second quarter. BlackRock Inc. now owns 2,769,642 shares of the company’s stock worth $93,780,000 after buying an additional 876,026 shares during the period. Jennison Associates LLC purchased a new stake in shares of Forescout Technologies during the second quarter worth approximately $20,434,000. Corvex Management LP purchased a new stake in shares of Forescout Technologies during the second quarter worth approximately $16,446,000. Bank of America Corp DE increased its stake in shares of Forescout Technologies by 380.0% during the second quarter. Bank of America Corp DE now owns 568,607 shares of the company’s stock worth $19,253,000 after buying an additional 450,148 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Forescout Technologies by 27.9% during the second quarter. Vanguard Group Inc. now owns 1,838,049 shares of the company’s stock worth $62,236,000 after buying an additional 400,475 shares during the period. Hedge funds and other institutional investors own 62.99% of the company’s stock.

FSCT has been the topic of a number of recent research reports. Robert W. Baird reiterated a “buy” rating and set a $44.00 price target on shares of Forescout Technologies in a research note on Thursday, August 8th. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday. Finally, Macquarie initiated coverage on shares of Forescout Technologies in a research note on Tuesday, July 16th. They set a “neutral” rating and a $41.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.50.

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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