Darren J. Milliken Sells 3,721 Shares of Forescout Technologies Inc (FSCT) Stock

Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,721 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $38.01, for a total value of $141,435.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of FSCT stock traded up $1.02 on Friday, hitting $38.25. 658,383 shares of the stock traded hands, compared to its average volume of 426,035. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.58 billion and a P/E ratio of -4.82. Forescout Technologies Inc has a 1-year low of $21.56 and a 1-year high of $39.36.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. The business’s revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted ($2.31) earnings per share. research analysts forecast that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.

A number of equities analysts have issued reports on FSCT shares. Monness Crespi & Hardt started coverage on Forescout Technologies in a research report on Monday, July 9th. They issued a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research lowered Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Citigroup upped their target price on Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. upped their target price on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Finally, UBS Group upped their target price on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $38.67.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Forescout Technologies by 128.7% during the 2nd quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock valued at $71,873,000 after acquiring an additional 1,180,601 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Forescout Technologies by 0.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 890,093 shares of the company’s stock valued at $30,495,000 after acquiring an additional 6,110 shares in the last quarter. Legal & General Group Plc raised its position in shares of Forescout Technologies by 3,211.5% during the 2nd quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock valued at $23,655,000 after acquiring an additional 669,599 shares in the last quarter. Emerald Advisers Inc. PA raised its position in shares of Forescout Technologies by 26.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock valued at $21,170,000 after acquiring an additional 129,530 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Forescout Technologies by 29.7% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 541,296 shares of the company’s stock valued at $18,545,000 after acquiring an additional 123,880 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.

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: Outstanding Shares

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

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