Insider Selling: TechTarget Inc (TTGT) Insider Sells 25,000 Shares of Stock

TechTarget Inc (NASDAQ:TTGT) insider Greg Strakosch sold 25,000 shares of TechTarget stock in a transaction on Friday, September 7th. The stock was sold at an average price of $22.06, for a total transaction of $551,500.00. Following the completion of the sale, the insider now owns 662,242 shares of the company’s stock, valued at approximately $14,609,058.52. 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 Friday, September 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $20.16, for a total transaction of $504,000.00.
  • On Tuesday, August 28th, Greg Strakosch sold 31,300 shares of TechTarget stock. The shares were sold at an average price of $24.46, for a total transaction of $765,598.00.
  • On Tuesday, August 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $23.05, for a total transaction of $576,250.00.
  • On Tuesday, August 7th, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $28.69, for a total transaction of $717,250.00.
  • On Monday, July 23rd, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $32.44, for a total transaction of $811,000.00.
  • On Monday, July 9th, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $30.95, for a total transaction of $773,750.00.
  • On Thursday, June 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $29.13, for a total transaction of $728,250.00.

NASDAQ TTGT traded up $0.09 on Friday, hitting $18.93. 249,227 shares of the company were exchanged, compared to its average volume of 357,642. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $535.62 million, a PE ratio of 78.88 and a beta of 1.06. TechTarget Inc has a twelve month low of $11.71 and a twelve month high of $34.47.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $31.47 million for the quarter, compared to the consensus estimate of $30.81 million. TechTarget had a return on equity of 9.77% and a net margin of 10.24%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Research analysts forecast that TechTarget Inc will post 0.49 EPS for the current fiscal year.

Several equities research analysts recently weighed in on TTGT shares. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Craig Hallum downgraded shares of TechTarget from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a report on Thursday, August 9th. They noted that the move was a valuation call. Raymond James started coverage on shares of TechTarget in a report on Thursday, September 27th. They issued an “outperform” rating and a $26.00 price objective for the company. ValuEngine downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. TechTarget currently has a consensus rating of “Hold” and an average price target of $24.17.

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Investors Inc. PA increased its holdings in shares of TechTarget by 307.0% in the 2nd quarter. Federated Investors Inc. PA now owns 4,550 shares of the information services provider’s stock valued at $130,000 after purchasing an additional 3,432 shares during the period. Voya Investment Management LLC acquired a new position in shares of TechTarget in the 2nd quarter valued at about $231,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of TechTarget in the 2nd quarter valued at about $312,000. State Board of Administration of Florida Retirement System acquired a new position in shares of TechTarget in the 2nd quarter valued at about $341,000. Finally, Paloma Partners Management Co acquired a new position in shares of TechTarget in the 2nd quarter valued at about $344,000. Institutional investors own 59.08% of the company’s stock.

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 marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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

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