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

Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $32.58, for a total transaction of $126,084.60. Following the sale, the senior vice president now directly owns 45,576 shares of the company’s stock, valued at $1,484,866.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ FSCT traded down $0.16 during midday trading on Friday, reaching $32.55. The stock had a trading volume of 651,300 shares, compared to its average volume of 704,657. The stock has a 50-day moving average of $33.83 and a 200-day moving average of $34.47. 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 $1.55 billion, a price-to-earnings ratio of -18.82 and a beta of 1.51. Forescout Technologies Inc has a 12-month low of $23.95 and a 12-month high of $46.43.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $91.62 million during the quarter, compared to analysts’ expectations of $90.99 million. Forescout Technologies had a negative return on equity of 101.79% and a negative net margin of 35.27%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. As a group, analysts forecast that Forescout Technologies Inc will post -2.57 EPS for the current fiscal year.

FSCT has been the subject of a number of research reports. Macquarie set a $33.00 target price on shares of Forescout Technologies and gave the company a “hold” rating in a report on Friday, October 11th. Piper Jaffray Companies initiated coverage on shares of Forescout Technologies in a report on Monday, December 9th. They set an “overweight” rating and a $45.00 target price for the company. Zacks Investment Research raised shares of Forescout Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine cut shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Morgan Stanley started coverage on shares of Forescout Technologies in a research note on Friday, November 8th. They issued an “overweight” rating and a $37.00 price objective for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Forescout Technologies has a consensus rating of “Hold” and an average target price of $38.30.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Forescout Technologies in the fourth quarter worth $411,000. JS Capital Management LLC purchased a new position in Forescout Technologies during the third quarter valued at $6,636,000. Metropolitan Life Insurance Co NY grew its stake in Forescout Technologies by 39.0% during the third quarter. Metropolitan Life Insurance Co NY now owns 13,165 shares of the company’s stock valued at $499,000 after acquiring an additional 3,691 shares in the last quarter. Millennium Management LLC purchased a new position in Forescout Technologies during the third quarter valued at $388,000. Finally, Altai Capital Management L.P. grew its stake in Forescout Technologies by 10.8% during the third quarter. Altai Capital Management L.P. now owns 294,685 shares of the company’s stock valued at $11,174,000 after acquiring an additional 28,675 shares in the last quarter. 72.49% of the stock is owned by hedge funds and other institutional investors.

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 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.

Recommended Story: Cash Flow

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

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.