Forescout Technologies Inc (FSCT) SVP Darren J. Milliken Sells 3,870 Shares of Stock

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Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the firm’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $26.30, for a total value of $101,781.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of FSCT traded down $0.52 during mid-day trading on Friday, reaching $26.49. The company had a trading volume of 394,644 shares, compared to its average volume of 441,725. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. Forescout Technologies Inc has a 52 week low of $22.01 and a 52 week high of $40.96. The stock 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 issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) EPS 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 company had revenue of $85.63 million during the quarter, compared to the consensus estimate of $79.08 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities analysts anticipate that Forescout Technologies Inc will post -1.95 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of FSCT. Parallel Advisors LLC boosted its position in shares of Forescout Technologies by 924.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock worth $127,000 after purchasing an additional 3,041 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Forescout Technologies in the 2nd quarter worth approximately $161,000. Russell Investments Group Ltd. purchased a new position in Forescout Technologies in the 2nd quarter worth approximately $185,000. Van ECK Associates Corp raised its holdings in Forescout Technologies by 295.4% in the 2nd quarter. Van ECK Associates Corp now owns 5,730 shares of the company’s stock worth $196,000 after acquiring an additional 4,281 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in Forescout Technologies in the 3rd quarter worth approximately $209,000. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

FSCT has been the topic of several research reports. Monness Crespi & Hardt cut their price objective on Forescout Technologies from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, October 23rd. ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Needham & Company LLC initiated coverage on Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 price objective on the stock. Finally, Berenberg Bank initiated coverage on Forescout Technologies in a research report on Thursday, November 29th. They set a “buy” rating and a $41.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Forescout Technologies has a consensus rating of “Buy” and an average price target of $39.73.

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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 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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