The stock of Fortinet Inc (NASDAQ:FTNT) last traded at $101.72, down -4.76% from the previous session.
FTNT stock price is now -0.08% away from the 50-day moving average and 25.46% away from the 200-day moving average. The market capitalization of the company currently stands at $78.22B.
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On February 03, 2025, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $105 to quote $112, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, NEUKOM WILLIAM H., Director bought 328 shares of the company’s stock on Mar 06 ’25. The stock was bought for $34,878 at an average price of $106.33. Upon completion of the transaction, the Director now directly owns 300,006 shares in the company, valued at $30.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’25, Chief Financial Officer Jensen Keith sold 17,660 shares of the business’s stock. A total of $1,928,064 was realized by selling the stock at an average price of $109.18. This leaves the insider owning 4,736 shares of the company worth $0.48 million. A total of 17.08% of the company’s stock is owned by insiders.
During the past 12 months, Fortinet Inc has had a low of $54.57 and a high of $114.82. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.47, and a quick ratio of 1.39.
The net profit margin was 29.30% and return on equity was 338.74% for FTNT. The company reported revenue of $1.66 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.31 percent.
