Insider Selling: Forescout Technologies Inc (NASDAQ:FSCT) CFO Sells 7,676 Shares of Stock

Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 7,676 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is available through 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.

Shares of NASDAQ:FSCT traded down $0.23 during midday trading on Friday, reaching $36.21. 423,600 shares of the company were exchanged, compared to its average volume of 573,273. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $36.79 and its two-hundred day moving average is $37.69. Forescout Technologies Inc has a one year low of $22.01 and a one year high of $46.43. The stock has a market cap of $1.68 billion, a PE ratio of -20.93 and a beta of 1.55.

Forescout Technologies (NASDAQ:FSCT) last issued 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 during the quarter, compared to analyst estimates of $77.22 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Forescout Technologies’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts expect that Forescout Technologies Inc will post -1.84 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Robert W. Baird restated a “buy” rating and set a $44.00 target price on shares of Forescout Technologies in a research report 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 target price for the company in a research report on Monday. Finally, Macquarie assumed coverage on shares of Forescout Technologies in a research report on Tuesday, July 16th. They set a “neutral” rating and a $41.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $45.50.

Large investors have recently modified their holdings of the stock. Bamco Inc. NY increased its stake in Forescout Technologies by 51.9% in the 2nd quarter. Bamco Inc. NY now owns 319,000 shares of the company’s stock worth $10,801,000 after buying an additional 109,000 shares during the period. Nuveen Asset Management LLC purchased a new position in Forescout Technologies in the 2nd quarter worth about $13,343,000. Morgan Stanley increased its stake in Forescout Technologies by 62.5% in the 2nd quarter. Morgan Stanley now owns 329,541 shares of the company’s stock worth $11,158,000 after buying an additional 126,766 shares during the period. AQR Capital Management LLC purchased a new position in Forescout Technologies in the 2nd quarter worth about $216,000. Finally, Bank of America Corp DE increased its stake in Forescout Technologies by 380.0% in the 2nd 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. Hedge funds and other institutional investors own 62.99% of the company’s stock.

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.

See Also: Day 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.