Forrester Research (NASDAQ:FORR) Insider Ryan Darrah Sells 5,000 Shares of Stock

Forrester Research, Inc. (NASDAQ:FORR) insider Ryan Darrah sold 5,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $11.78, for a total value of $58,900.00. Following the sale, the insider directly owned 27,244 shares in the company, valued at $320,934.32. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Forrester Research Stock Down 0.8%

Shares of FORR opened at $11.67 on Friday. The company has a market capitalization of $222.20 million, a price-to-earnings ratio of -5.19, a PEG ratio of 2.21 and a beta of 0.93. Forrester Research, Inc. has a 52 week low of $4.88 and a 52 week high of $12.33. The stock’s 50-day moving average price is $9.66 and its 200-day moving average price is $7.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. The company had revenue of $100.23 million during the quarter, compared to the consensus estimate of $96.91 million. Forrester Research had a positive return on equity of 6.19% and a negative net margin of 11.17%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts predict that Forrester Research, Inc. will post 0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Forrester Research

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in shares of Forrester Research by 7.8% in the second quarter. Jane Street Group LLC now owns 20,741 shares of the technology company’s stock valued at $205,000 after purchasing an additional 1,494 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Forrester Research by 9.7% in the second quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,728 shares during the period. Bank of New York Mellon Corp raised its stake in Forrester Research by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 68,756 shares of the technology company’s stock worth $389,000 after purchasing an additional 2,266 shares during the period. Federated Hermes Inc. grew its stake in shares of Forrester Research by 1.0% in the 2nd quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock valued at $2,503,000 after buying an additional 2,446 shares during the period. Finally, Squarepoint Ops LLC raised its position in shares of Forrester Research by 9.7% during the 4th quarter. Squarepoint Ops LLC now owns 31,145 shares of the technology company’s stock valued at $253,000 after buying an additional 2,752 shares during the period. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.