Key Points
- Director Perfecto Sanchez sold 1,865 shares on December 12 at an average price of $5.81, trimming his stake by 10.97% to 15,129 shares worth about $87,900, with the trade disclosed in an SEC filing.
- Institutional investors own about 93.52% of TTGT, and several funds materially increased holdings in Q3 — notably Millennium Management added roughly 1.18 million shares while Worth Venture Partners and UBS also boosted positions.
- TechTarget trades near $5.20 with a market cap of $375.2M and a negative PE (-3.01); analysts have a consensus rating of Hold and a $11.25 price target (three Buys, one Hold, two Sells).
TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) Director Perfecto Sanchez sold 1,865 shares of the company's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $5.81, for a total value of $10,835.65. Following the completion of the transaction, the director owned 15,129 shares of the company's stock, valued at $87,899.49. The trade was a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
TechTarget Price Performance
TTGT opened at $5.20 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $375.23 million, a PE ratio of -3.01 and a beta of 0.91. TechTarget, Inc. has a 1 year low of $4.63 and a 1 year high of $21.48. The company's 50 day simple moving average is $5.36 and its 200 day simple moving average is $6.25.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of TTGT. Worth Venture Partners LLC grew its position in shares of TechTarget by 78.7% during the 3rd quarter. Worth Venture Partners LLC now owns 75,327 shares of the information services provider's stock valued at $438,000 after buying an additional 33,165 shares during the last quarter. Millennium Management LLC boosted its position in TechTarget by 1,881.8% during the 3rd quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider's stock valued at $7,217,000 after purchasing an additional 1,179,513 shares during the period. Brevan Howard Capital Management LP acquired a new stake in TechTarget in the third quarter worth $192,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TechTarget by 32.3% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,480 shares of the information services provider's stock worth $578,000 after acquiring an additional 24,309 shares during the period. Finally, Two Sigma Investments LP bought a new position in TechTarget in the 3rd quarter worth about $967,000. 93.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TTGT. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of TechTarget in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of TechTarget in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.25.
Read Our Latest Stock Report on TechTarget
TechTarget Company Profile
(
Get Free Report)
TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.
Further Reading
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