Insider Selling: Forescout Technologies Inc (FSCT) Director Sells 30,453 Shares of Stock

Forescout Technologies Inc (NASDAQ:FSCT) Director T Kent Elliott sold 30,453 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $42.49, for a total value of $1,293,947.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, March 1st, T Kent Elliott sold 569 shares of Forescout Technologies stock. The shares were sold at an average price of $41.54, for a total value of $23,636.26.
  • On Wednesday, February 13th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The shares were sold at an average price of $37.78, for a total value 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 value 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 value 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 value of $15,135.40.
  • On Wednesday, December 12th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The stock was sold at an average price of $26.99, for a total value of $821,926.47.

Forescout Technologies stock opened at $43.97 on Friday. Forescout Technologies Inc has a one year low of $22.01 and a one year high of $44.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.30. The firm has a market capitalization of $1.91 billion, a PE ratio of -25.42 and a beta of 1.42.

Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter last year, the business posted ($0.13) earnings per share. The firm’s revenue was up 34.7% compared to the same quarter last year. Analysts anticipate that Forescout Technologies Inc will post -1.86 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. Psagot Investment House Ltd. raised its position in shares of 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 in the last quarter. Millennium Management LLC raised its position in shares of Forescout Technologies by 92.6% in the fourth quarter. Millennium Management LLC now owns 214,634 shares of the company’s stock worth $5,578,000 after buying an additional 103,189 shares in the last quarter. Emancipation Management LLC purchased a new stake in shares of Forescout Technologies in the fourth quarter worth $520,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Forescout Technologies by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,474 shares of the company’s stock worth $246,000 after buying an additional 7,399 shares in the last quarter. Institutional investors own 59.42% of the company’s stock.

A number of research firms have recently commented on FSCT. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target (up from $47.00) on shares of Forescout Technologies in a report on Monday. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price target on shares of Forescout Technologies in a report on Wednesday, March 6th. Morgan Stanley set a $46.00 price target on Forescout Technologies and gave the stock a “buy” rating in a report on Tuesday, March 5th. UBS Group raised their price target on Forescout Technologies from $43.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $49.00 price target (up from $42.00) on shares of Forescout Technologies in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Forescout Technologies has a consensus rating of “Buy” and an average price target of $44.40.

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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 ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.

Further Reading: Cost of Debt

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

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