Forescout Technologies Inc (NASDAQ:FSCT) CEO Sells $798,500.00 in Stock

Forescout Technologies Inc (NASDAQ:FSCT) CEO Michael Decesare sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.94, for a total value of $798,500.00.

Michael Decesare also recently made the following trade(s):

  • On Thursday, August 29th, Michael Decesare sold 25,000 shares of Forescout Technologies stock. The shares were sold at an average price of $35.08, for a total value of $877,000.00.
  • On Monday, July 15th, Michael Decesare sold 30,000 shares of Forescout Technologies stock. The shares were sold at an average price of $37.90, for a total value of $1,137,000.00.
  • On Tuesday, July 2nd, Michael Decesare sold 24,989 shares of Forescout Technologies stock. The shares were sold at an average price of $35.03, for a total value of $875,364.67.

Shares of FSCT stock traded up $0.88 on Friday, reaching $25.44. The stock had a trading volume of 2,480,083 shares, compared to its average volume of 402,670. Forescout Technologies Inc has a 1 year low of $22.01 and a 1 year high of $46.43. The company has a 50 day simple moving average of $36.17 and a 200 day simple moving average of $36.77. The stock has a market cap of $1.81 billion, a P/E ratio of -14.71 and a beta of 1.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.16.

Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Wednesday, August 7th. The company reported ($0.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.47. Forescout Technologies had a negative return on equity of 73.42% and a negative net margin of 28.14%. The company had revenue of $78.28 million for the quarter, compared to analysts’ expectations of $77.22 million. During the same period last year, the firm earned ($0.18) EPS. Forescout Technologies’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Forescout Technologies Inc will post -1.84 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in FSCT. BNP Paribas Arbitrage SA raised its holdings in Forescout Technologies by 2,170.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,402 shares of the company’s stock valued at $268,000 after acquiring an additional 6,120 shares during the period. Rhumbline Advisers increased its holdings in shares of Forescout Technologies by 1.4% in the first quarter. Rhumbline Advisers now owns 40,212 shares of the company’s stock worth $1,685,000 after purchasing an additional 550 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Forescout Technologies by 10.5% in the first quarter. Raymond James & Associates now owns 37,807 shares of the company’s stock worth $1,584,000 after purchasing an additional 3,580 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Forescout Technologies by 6.4% in the first quarter. New York State Common Retirement Fund now owns 115,118 shares of the company’s stock worth $4,825,000 after purchasing an additional 6,948 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Forescout Technologies by 107.7% in the first quarter. Royce & Associates LP now owns 54,000 shares of the company’s stock worth $2,263,000 after purchasing an additional 28,000 shares during the last quarter. 69.43% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on FSCT shares. ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. downgraded Forescout Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $54.00 to $35.00 in a research note on Thursday. Robert W. Baird reiterated a “buy” rating and set a $44.00 target price on shares of Forescout Technologies in a research note on Thursday. Zacks Investment Research upgraded Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, August 12th. Finally, Needham & Company LLC downgraded Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Forescout Technologies has a consensus rating of “Buy” and a consensus target price of $43.22.

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.

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

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