TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) CFO Daniel Noreck sold 5,633 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $3.85, for a total transaction of $21,687.05. Following the sale, the chief financial officer owned 85,480 shares of the company's stock, valued at $329,098. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TechTarget Price Performance
Shares of TechTarget stock opened at $3.89 on Wednesday. The company has a 50-day simple moving average of $3.87 and a two-hundred day simple moving average of $4.26. TechTarget, Inc. has a twelve month low of $3.37 and a twelve month high of $7.15. The stock has a market capitalization of $281.36 million, a price-to-earnings ratio of -1.59 and a beta of 1.12. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.24.
TechTarget (NASDAQ:TTGT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The information services provider reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.09). The company had revenue of $116.15 million during the quarter, compared to analyst estimates of $119.55 million. TechTarget had a negative net margin of 36.85% and a negative return on equity of 0.62%.
Institutional Investors Weigh In On TechTarget
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of TechTarget by 103.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider's stock valued at $33,000 after purchasing an additional 2,877 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in TechTarget in the fourth quarter worth $55,000. The Manufacturers Life Insurance Company purchased a new stake in shares of TechTarget in the 2nd quarter worth about $81,000. CWM LLC boosted its position in TechTarget by 454.8% during the 4th quarter. CWM LLC now owns 10,664 shares of the information services provider's stock valued at $58,000 after acquiring an additional 8,742 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in TechTarget in the fourth quarter worth $58,000. Institutional investors own 93.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on TTGT shares. Needham & Company LLC dropped their price target on shares of TechTarget from $15.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Weiss Ratings reissued a "sell (e+)" rating on shares of TechTarget in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.00.
Read Our Latest Research Report on TechTarget
TechTarget Company Profile
(
Get Free Report)
TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget's offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.
The company's core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.
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