TechTarget, Inc. (NASDAQ:TTGT – Get Rating) President Rebecca Kitchens sold 750 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $49.13, for a total value of $36,847.50. Following the sale, the president now directly owns 17,746 shares of the company’s stock, valued at $871,860.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TechTarget Stock Down 1.9 %
TTGT stock traded down $0.95 on Wednesday, hitting $48.00. 151,572 shares of the company’s stock were exchanged, compared to its average volume of 203,892. The company has a debt-to-equity ratio of 1.98, a quick ratio of 7.53 and a current ratio of 7.53. The firm has a 50 day moving average price of $44.93 and a two-hundred day moving average price of $56.53. The stock has a market cap of $1.41 billion, a P/E ratio of 94.13 and a beta of 0.88. TechTarget, Inc. has a 12-month low of $41.79 and a 12-month high of $91.95.
TechTarget (NASDAQ:TTGT – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The information services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $77.41 million for the quarter, compared to the consensus estimate of $80.26 million. TechTarget had a return on equity of 23.09% and a net margin of 6.12%. As a group, equities research analysts expect that TechTarget, Inc. will post 1.55 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Institutional Trading of TechTarget
Several large investors have recently added to or reduced their stakes in TTGT. SeaCrest Wealth Management LLC purchased a new stake in TechTarget during the 2nd quarter valued at about $26,000. CWM LLC lifted its holdings in shares of TechTarget by 4,977.8% in the 2nd quarter. CWM LLC now owns 457 shares of the information services provider’s stock valued at $30,000 after buying an additional 448 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of TechTarget by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider’s stock valued at $67,000 after buying an additional 282 shares during the period. Huntington National Bank lifted its holdings in shares of TechTarget by 20.2% in the 3rd quarter. Huntington National Bank now owns 1,523 shares of the information services provider’s stock valued at $90,000 after buying an additional 256 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of TechTarget by 65.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,104 shares of the information services provider’s stock valued at $125,000 after buying an additional 834 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.
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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.
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