Insider Selling: Forescout Technologies Inc (FSCT) SVP Sells 3,870 Shares of Stock
Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the company’s stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $26.30, for a total value of $101,781.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
FSCT stock traded down $0.52 during trading on Friday, reaching $26.49. 394,644 shares of the stock were exchanged, compared to its average volume of 441,725. Forescout Technologies Inc has a twelve month low of $22.01 and a twelve month high of $40.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market cap of $1.14 billion, a P/E ratio of -3.34 and a beta of 0.91.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Forescout Technologies had a negative return on equity of 89.81% and a negative net margin of 33.43%. The firm had revenue of $85.63 million for the quarter, compared to analyst estimates of $79.08 million. During the same period last year, the company posted ($0.21) earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities analysts predict that Forescout Technologies Inc will post -1.95 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of FSCT. Parallel Advisors LLC raised its stake in Forescout Technologies by 924.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock worth $127,000 after buying an additional 3,041 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Forescout Technologies in the second quarter worth approximately $161,000. Russell Investments Group Ltd. purchased a new stake in shares of Forescout Technologies in the second quarter worth approximately $185,000. Van ECK Associates Corp raised its stake in shares of Forescout Technologies by 295.4% in the second quarter. Van ECK Associates Corp now owns 5,730 shares of the company’s stock worth $196,000 after purchasing an additional 4,281 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Forescout Technologies in the third quarter worth approximately $209,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.
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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 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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