TechTarget Inc. (NASDAQ:TTGT) insider Don Hawk sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $8.07, for a total transaction of $161,400.00. Following the transaction, the insider now directly owns 359,520 shares of the company’s stock, valued at approximately $2,901,326.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Don Hawk also recently made the following trade(s):
- On Friday, September 23rd, Don Hawk sold 20,000 shares of TechTarget stock. The shares were sold at an average price of $8.17, for a total transaction of $163,400.00.
Shares of TechTarget Inc. (NASDAQ:TTGT) traded up 0.24% during mid-day trading on Friday, hitting $8.32. 6,985 shares of the stock traded hands. TechTarget Inc. has a 12-month low of $5.98 and a 12-month high of $9.60. The firm’s 50 day moving average price is $8.09 and its 200 day moving average price is $8.04. The firm has a market cap of $226.46 million, a price-to-earnings ratio of 43.56 and a beta of 2.04.
TechTarget (NASDAQ:TTGT) last issued its earnings results on Tuesday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. TechTarget had a net margin of 5.65% and a return on equity of 4.59%. The business earned $29.17 million during the quarter, compared to analysts’ expectations of $29.65 million. During the same quarter in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts predict that TechTarget Inc. will post $0.29 EPS for the current fiscal year.
TTGT has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a report on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of TechTarget in a report on Monday, June 27th. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Sidoti initiated coverage on shares of TechTarget in a report on Wednesday, July 20th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Craig Hallum cut shares of TechTarget from a “buy” rating to a “hold” rating and cut their price objective for the company from $11.50 to $9.00 in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $10.20.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new stake in shares of TechTarget during the second quarter worth $2,385,000. State Street Corp boosted its stake in shares of TechTarget by 2.5% in the first quarter. State Street Corp now owns 231,562 shares of the company’s stock worth $1,719,000 after buying an additional 5,713 shares in the last quarter. Murphy Michael R boosted 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 worth $10,411,000 after buying an additional 365,021 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of TechTarget by 0.9% in the first quarter. Geode Capital Management LLC now owns 116,818 shares of the company’s stock worth $866,000 after buying an additional 1,032 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of TechTarget by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 206,776 shares of the company’s stock worth $1,534,000 after buying an additional 1,301 shares in the last quarter. 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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