Currently, there are 781.50M common shares owned by the public and among those 633.78M shares have been available to trade.
Insiders at the company have transacted a total of 138 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 89 of these insider trades were purchases, accounting for 395,860 shares. Insider sales of the common stock occurred on 49 occasions, with total insider shares sold totaling 457,721 shares.
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The company’s stock has a 5-day price change of 2.85% and 36.56% over the past three months. FTNT shares are trading 18.57% year to date (YTD), with the 12-month market performance up to 16.42% higher. It has a 12-month low price of $44.12 and touched a high of $81.24 over the same period. FTNT has an average intraday trading volume of 0.78 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.75%, 14.83%, and 10.24% respectively.
Institutional ownership of Fortinet Inc (NASDAQ: FTNT) shares accounts for 66.64% of the company’s 781.50M shares outstanding.
It has a market capitalization of $53.29B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 47.70, while the earnings-per-share (ttm) stands at $1.45. The company has a PEG of 3.26 and a Quick Ratio of 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.28% over the week and 2.88% over the month.
Analysts forecast that Fortinet Inc (FTNT) will achieve an EPS of $Future FinTech Group Inc. for the current quarter, $1.22 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Fluent, Inc. while analysts give the company a high EPS estimate of $Xtant Medical Holdings, Inc.. Comparatively, EPS for the current quarter was $Cheetah Net Supply Chain Servic a year ago. Earnings per share for the fiscal year are expected to increase by 4.51%, and 12.93% over the next financial year. EPS should shrink at an annualized rate of 14.62% over the next five years, compared to 30.80% over the past 5-year period.
Looking at the support for the FTNT, a number of firms have released research notes about the stock. Daiwa Securities stated their Outperform rating for the stock in a research note on Feb-14-24, with the firm’s price target at $75.
