TechTarget Inc (TTGT) Insider Greg Strakosch Sells 5,000 Shares

TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 5,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $15.00, for a total value of $75,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Greg Strakosch also recently made the following trade(s):

  • On Thursday, January 11th, Greg Strakosch sold 30,000 shares of TechTarget stock. The stock was sold at an average price of $13.95, for a total value of $418,500.00.
  • On Thursday, December 14th, Greg Strakosch sold 328 shares of TechTarget stock. The stock was sold at an average price of $14.00, for a total value of $4,592.00.
  • On Monday, December 11th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $13.38, for a total value of $334,500.00.
  • On Thursday, November 16th, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $13.16, for a total value of $329,000.00.

TechTarget Inc (NASDAQ TTGT) opened at $15.25 on Friday. TechTarget Inc has a 1-year low of $8.41 and a 1-year high of $16.14. The company has a market cap of $420.85, a PE ratio of 127.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.41. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The business had revenue of $28.01 million during the quarter, compared to the consensus estimate of $28.34 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 8.8% on a year-over-year basis. equities research analysts forecast that TechTarget Inc will post 0.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in shares of TechTarget during the 4th quarter valued at about $222,000. Dimensional Fund Advisors LP boosted its holdings in shares of TechTarget by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 652,467 shares of the information services provider’s stock valued at $7,791,000 after purchasing an additional 31,696 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of TechTarget during the 3rd quarter valued at about $979,000. Wells Fargo & Company MN boosted its holdings in shares of TechTarget by 73.7% during the 3rd quarter. Wells Fargo & Company MN now owns 19,187 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8,141 shares during the last quarter. Finally, EAM Investors LLC bought a new position in shares of TechTarget during the 3rd quarter valued at about $669,000. 55.84% of the stock is owned by institutional investors and hedge funds.

TTGT has been the subject of a number of analyst reports. Zacks Investment Research lowered TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub lowered TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group reiterated a “hold” rating and issued a $13.00 price target on shares of TechTarget in a research note on Friday, November 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target (up previously from $11.00) on shares of TechTarget in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.00.

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TechTarget Company Profile

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.

Insider Buying and Selling by Quarter for TechTarget (NASDAQ:TTGT)

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