TechTarget Inc. (NASDAQ:TTGT) insider Don Hawk sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $8.17, for a total value of $163,400.00. Following the completion of the sale, the insider now owns 374,020 shares of the company’s stock, valued at $3,055,743.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
TechTarget Inc. (NASDAQ:TTGT) opened at 8.12 on Thursday. The stock has a market capitalization of $221.02 million, a price-to-earnings ratio of 42.51 and a beta of 1.98. TechTarget Inc. has a 12 month low of $5.98 and a 12 month high of $9.60. The company has a 50-day moving average price of $8.03 and a 200 day moving average price of $8.01.
TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The business earned $29.17 million during the quarter, compared to the consensus estimate of $29.65 million. TechTarget had a net margin of 5.65% and a return on equity of 4.59%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities analysts predict that TechTarget Inc. will post $0.29 earnings per share for the current year.
TTGT has been the subject of a number of analyst reports. Zacks Investment Research upgraded TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, September 16th. Jefferies Group restated a “buy” rating and issued a $10.00 price target on shares of TechTarget in a research report on Monday, June 27th. Finally, Needham & Company LLC restated a “buy” rating on shares of TechTarget in a research report on Monday, June 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.20.
Several large investors have recently modified their holdings of TTGT. Nine Ten Capital Management LLC purchased a new stake in shares of TechTarget during the second quarter valued at approximately $22,761,000. Trigran Investments Inc. increased its stake in shares of TechTarget by 3.5% in the second quarter. Trigran Investments Inc. now owns 2,628,231 shares of the company’s stock valued at $21,289,000 after buying an additional 88,281 shares during the period. Murphy Michael R increased its stake in shares of TechTarget by 35.2% in the first quarter. Murphy Michael R now owns 1,403,121 shares of the company’s stock valued at $10,411,000 after buying an additional 365,021 shares during the period. Vanguard Group Inc. increased its stake in shares of TechTarget by 4.1% in the second quarter. Vanguard Group Inc. now owns 578,321 shares of the company’s stock valued at $4,684,000 after buying an additional 22,777 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of TechTarget by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 424,615 shares of the company’s stock valued at $3,439,000 after buying an additional 32,241 shares during the period. Institutional investors and hedge funds own 55.61% of the company’s stock.
TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.
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