Forescout Technologies Inc (NASDAQ:FSCT) Chairman Yehezkel Yeshurun sold 35,000 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $34.35, for a total transaction of $1,202,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Yehezkel Yeshurun also recently made the following trade(s):
- On Monday, August 13th, Yehezkel Yeshurun sold 35,000 shares of Forescout Technologies stock. The stock was sold at an average price of $34.79, for a total transaction of $1,217,650.00.
Shares of FSCT traded down $1.18 during mid-day trading on Monday, hitting $33.52. 422,500 shares of the company traded hands, compared to its average volume of 493,135. Forescout Technologies Inc has a one year low of $21.56 and a one year high of $40.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16. The stock has a market capitalization of $1.58 billion and a P/E ratio of -4.38.
Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The company had revenue of $67.59 million for the quarter, compared to the consensus estimate of $63.57 million. During the same period last year, the company earned ($2.31) earnings per share. Forescout Technologies’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, analysts anticipate that Forescout Technologies Inc will post -0.95 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new position in Forescout Technologies in the second quarter valued at approximately $107,000. NumerixS Investment Technologies Inc acquired a new position in Forescout Technologies in the second quarter valued at approximately $140,000. SG Americas Securities LLC acquired a new position in Forescout Technologies in the second quarter valued at approximately $161,000. Royal Bank of Canada lifted its holdings in Forescout Technologies by 67,800.0% in the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after buying an additional 5,424 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Forescout Technologies in the second quarter valued at approximately $185,000. 54.40% of the stock is currently owned by institutional investors and hedge funds.
FSCT has been the topic of several research analyst reports. Monness Crespi & Hardt initiated coverage on shares of Forescout Technologies in a research note on Monday, July 9th. They set a “buy” rating and a $42.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Forescout Technologies in a research note on Friday, September 21st. They set a “buy” rating and a $47.00 price objective on the stock. UBS Group upped their price objective on shares of Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, July 24th. Finally, Citigroup increased their price target on shares of Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.50.
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 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.
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