Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 1,500 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $25.81, for a total value of $38,715.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:FSCT traded down $1.11 during midday trading on Friday, hitting $25.80. The company had a trading volume of 244,133 shares, compared to its average volume of 469,839. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -3.25 and a beta of 1.14. Forescout Technologies Inc has a 12-month low of $22.80 and a 12-month high of $40.96.

Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, November 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $85.63 million during the quarter, compared to the consensus estimate of $79.08 million. Forescout Technologies had a negative return on equity of 89.81% and a negative net margin of 33.43%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. On average, equities research analysts expect that Forescout Technologies Inc will post -1.95 earnings per share for the current fiscal year.

Several research firms have recently commented on FSCT. Needham & Company LLC began coverage on Forescout Technologies in a research note on Friday, September 21st. They issued a “buy” rating and a $47.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. UBS Group upped their price objective on Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. ValuEngine upgraded Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research upgraded Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 9th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.55.

A number of institutional investors have recently modified their holdings of FSCT. Royal Bank of Canada boosted its holdings in Forescout Technologies by 67,800.0% in the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after buying an additional 5,424 shares during the period. Cornerstone Wealth Management LLC bought a new position in Forescout Technologies in the 2nd quarter worth $200,000. Acadian Asset Management LLC bought a new position in Forescout Technologies in the 2nd quarter worth $1,051,000. Massachusetts Financial Services Co. MA boosted its holdings in Forescout Technologies by 13.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 496,826 shares of the company’s stock worth $17,021,000 after buying an additional 57,523 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Forescout Technologies in the 2nd quarter worth $931,000. 56.15% of the stock is owned by institutional investors.

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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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