Forescout Technologies Inc (NASDAQ:FSCT) CFO Sells $159,429.90 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) CFO Christopher Harms sold 4,898 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $32.55, for a total transaction of $159,429.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, May 16th, Christopher Harms sold 4,898 shares of Forescout Technologies stock. The stock was sold at an average price of $35.48, for a total transaction of $173,781.04.
  • On Thursday, April 11th, Christopher Harms sold 6,239 shares of Forescout Technologies stock. The stock was sold at an average price of $41.41, for a total transaction of $258,356.99.

Shares of FSCT traded down $0.36 during mid-day trading on Friday, reaching $32.31. The stock had a trading volume of 249,207 shares, compared to its average volume of 590,501. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. 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 $1.48 billion, a P/E ratio of -18.68 and a beta of 1.66.

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

Several institutional investors and hedge funds have recently made changes to their positions in FSCT. Jericho Capital Asset Management L.P. grew its holdings in shares of Forescout Technologies by 246.7% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,087,794 shares of the company’s stock valued at $129,409,000 after purchasing an additional 2,197,083 shares during the period. Wellington Management Group LLP grew its holdings in shares of Forescout Technologies by 119.6% in the first quarter. Wellington Management Group LLP now owns 3,785,073 shares of the company’s stock valued at $158,632,000 after purchasing an additional 2,061,466 shares during the period. Weiss Multi Strategy Advisers LLC grew its holdings in shares of Forescout Technologies by 165.3% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 344,871 shares of the company’s stock valued at $8,963,000 after purchasing an additional 214,871 shares during the period. Polar Capital LLP purchased a new stake in shares of Forescout Technologies in the fourth quarter valued at about $5,295,000. Finally, Columbus Circle Investors purchased a new stake in shares of Forescout Technologies in the first quarter valued at about $6,153,000. 61.05% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Forescout Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price (up previously from $47.00) on shares of Forescout Technologies in a report on Monday, March 11th. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 target price on shares of Forescout Technologies in a report on Wednesday, March 6th. Morgan Stanley set a $46.00 target price on shares of Forescout Technologies and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, UBS Group upped their price objective on shares of Forescout Technologies from $43.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.78.

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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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