TechTarget Inc (NASDAQ:TTGT) Chairman Greg Strakosch sold 41,883 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $25.01, for a total value of $1,047,493.83. Following the transaction, the chairman now owns 472,449 shares in the company, valued at approximately $11,815,949.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, August 1st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $23.02, for a total value of $575,500.00.
  • On Monday, July 1st, Greg Strakosch sold 25,000 shares of TechTarget stock. The stock was sold at an average price of $20.62, for a total value of $515,500.00.

Shares of TTGT stock traded down $0.32 during trading hours on Friday, reaching $24.51. The company’s stock had a trading volume of 140,470 shares, compared to its average volume of 226,550. The firm’s 50 day simple moving average is $23.39 and its 200-day simple moving average is $19.75. The company has a market capitalization of $655.08 million, a price-to-earnings ratio of 54.47 and a beta of 0.76. TechTarget Inc has a fifty-two week low of $11.12 and a fifty-two week high of $25.14. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 0.36.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, August 7th. The information services provider reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $34.29 million for the quarter, compared to the consensus estimate of $33.73 million. TechTarget had a return on equity of 10.28% and a net margin of 10.95%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Sell-side analysts predict that TechTarget Inc will post 0.65 earnings per share for the current year.

Several hedge funds have recently modified their holdings of TTGT. Dimensional Fund Advisors LP boosted its holdings in shares of TechTarget by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,011,703 shares of the information services provider’s stock valued at $12,353,000 after purchasing an additional 3,586 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of TechTarget by 924.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,271 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 3,854 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of TechTarget by 155.8% during the 1st quarter. Bank of Montreal Can now owns 1,558 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 949 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of TechTarget during the 1st quarter valued at $188,000. Finally, Comerica Bank boosted its holdings in shares of TechTarget by 4.6% during the 1st quarter. Comerica Bank now owns 21,933 shares of the information services provider’s stock valued at $362,000 after acquiring an additional 971 shares in the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on TTGT. ValuEngine raised TechTarget from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. BidaskClub raised TechTarget from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research downgraded TechTarget from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.75.

TechTarget Company Profile

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.

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

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