Forescout Technologies Inc (NASDAQ:FSCT) SVP Sells $125,504.10 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $32.43, for a total transaction of $125,504.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of FSCT stock traded down $0.36 on Friday, hitting $32.31. 249,207 shares of the stock traded hands, compared to its average volume of 590,501. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -18.68 and a beta of 1.66. Forescout Technologies Inc has a 52 week low of $22.01 and a 52 week high of $46.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.23.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Forescout Technologies by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 284,358 shares of the company’s stock valued at $7,390,000 after acquiring an additional 24,067 shares during the last quarter. Barclays PLC increased its holdings in Forescout Technologies by 23.7% in the 4th quarter. Barclays PLC now owns 26,257 shares of the company’s stock valued at $682,000 after acquiring an additional 5,039 shares during the last quarter. Weiss Multi Strategy Advisers LLC increased its holdings in Forescout Technologies by 165.3% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 344,871 shares of the company’s stock valued at $8,963,000 after acquiring an additional 214,871 shares during the last quarter. Pearl River Capital LLC bought a new stake in Forescout Technologies in the 4th quarter valued at $66,000. Finally, Sun Life Financial INC bought a new stake in Forescout Technologies in the 4th quarter valued at $89,000. Institutional investors own 61.05% 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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