Forescout Technologies Inc (NASDAQ:FSCT) Insider Pedro Abreu Sells 8,040 Shares

Forescout Technologies Inc (NASDAQ:FSCT) insider Pedro Abreu sold 8,040 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $35.73, for a total value of $287,269.20. Following the completion of the transaction, the insider now owns 116,288 shares of the company’s stock, valued at approximately $4,154,970.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Pedro Abreu also recently made the following trade(s):

  • On Thursday, November 21st, Pedro Abreu sold 458 shares of Forescout Technologies stock. The shares were sold at an average price of $35.18, for a total value of $16,112.44.
  • On Thursday, October 31st, Pedro Abreu sold 8,040 shares of Forescout Technologies stock. The shares were sold at an average price of $30.57, for a total value of $245,782.80.
  • On Friday, September 27th, Pedro Abreu sold 8,040 shares of Forescout Technologies stock. The shares were sold at an average price of $36.78, for a total value of $295,711.20.
  • On Tuesday, September 3rd, Pedro Abreu sold 1,014 shares of Forescout Technologies stock. The stock was sold at an average price of $115.00, for a total value of $116,610.00.

FSCT stock opened at $35.00 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -20.23 and a beta of 1.57. Forescout Technologies Inc has a fifty-two week low of $22.01 and a fifty-two week high of $46.43. The stock has a fifty day moving average of $31.48 and a 200-day moving average of $34.36.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $91.62 million for the quarter, compared to the consensus estimate of $90.99 million. Forescout Technologies had a negative return on equity of 101.79% and a negative net margin of 35.27%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. Equities analysts predict that Forescout Technologies Inc will post -2.57 EPS for the current year.

Several research firms have recently weighed in on FSCT. Macquarie set a $33.00 price target on Forescout Technologies and gave the stock a “hold” rating in a research note on Friday, October 11th. ValuEngine downgraded Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Morgan Stanley began coverage on Forescout Technologies in a research note on Friday, November 8th. They set an “overweight” rating and a $37.00 price target for the company. 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, October 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Forescout Technologies in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.22.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Forescout Technologies by 46.3% during the 2nd quarter. BlackRock Inc. now owns 2,769,642 shares of the company’s stock worth $93,780,000 after purchasing an additional 876,026 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Forescout Technologies by 27.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,838,049 shares of the company’s stock worth $62,236,000 after purchasing an additional 400,475 shares in the last quarter. Emerald Advisers LLC lifted its holdings in Forescout Technologies by 2.7% during the 2nd quarter. Emerald Advisers LLC now owns 994,511 shares of the company’s stock worth $33,674,000 after purchasing an additional 26,211 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in Forescout Technologies by 3.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 923,731 shares of the company’s stock worth $31,278,000 after purchasing an additional 32,480 shares in the last quarter. Finally, State Street Corp lifted its holdings in Forescout Technologies by 4.5% during the 3rd quarter. State Street Corp now owns 846,506 shares of the company’s stock worth $32,100,000 after purchasing an additional 36,696 shares in the last quarter. 72.55% of the stock is currently owned by institutional investors and hedge funds.

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

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