The price of Fortinet Inc (NASDAQ:FTNT) shares last traded on Wall Street fell -0.44% to $101.63.
FTNT stock price is now 1.27% away from the 50-day moving average and 8.40% away from the 200-day moving average. The market capitalization of the company currently stands at $77.79B.
With the price target reduced from $122 to $110, BMO Capital Markets maintained Market Perform rating for Fortinet Inc (NASDAQ: FTNT). On May 06, 2025, DZ Bank Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock keeping its target price maintained at $95, while ‘Roth Capital’ rates the stock as ‘Neutral’
In other news, NEUKOM WILLIAM H., Director bought 335 shares of the company’s stock on Jun 06 ’25. The stock was bought for $34,912 at an average price of $104.22. Upon completion of the transaction, the Director now directly owns 301,471 shares in the company, valued at $30.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’25, Chief Financial Officer Ohlgart Christiane sold 1,164 shares of the business’s stock. A total of $121,883 was realized by selling the stock at an average price of $104.71. This leaves the insider owning 6,062 shares of the company worth $0.62 million. A total of 16.97% 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 0.51, a current ratio of 1.36, and a quick ratio of 1.29.
The net profit margin was 30.60% and return on equity was 205.91% for FTNT. For the current quarter, analysts expect FTNT to generate $1.63B in revenue.
