Insider Selling: TechTarget Inc (TTGT) President Sells 10,000 Shares of Stock

TechTarget Inc (NASDAQ:TTGT) President Kevin Beam sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $15.72, for a total value of $157,200.00. Following the sale, the president now directly owns 436,808 shares of the company’s stock, valued at approximately $6,866,621.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kevin Beam also recently made the following trade(s):

  • On Wednesday, January 3rd, Kevin Beam sold 10,000 shares of TechTarget stock. The shares were sold at an average price of $13.78, for a total value of $137,800.00.
  • On Monday, December 4th, Kevin Beam sold 5,000 shares of TechTarget stock. The shares were sold at an average price of $13.83, for a total value of $69,150.00.
  • On Friday, December 1st, Kevin Beam sold 15,000 shares of TechTarget stock. The shares were sold at an average price of $13.99, for a total value of $209,850.00.
  • On Thursday, November 16th, Kevin Beam sold 30,000 shares of TechTarget stock. The stock was sold at an average price of $13.10, for a total value of $393,000.00.

TechTarget Inc (NASDAQ:TTGT) opened at $15.90 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $424.73, a price-to-earnings ratio of 128.25, a price-to-earnings-growth ratio of 2.48 and a beta of 1.60. TechTarget Inc has a 12-month low of $8.41 and a 12-month high of $16.14.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $30.30 million for the quarter, compared to analysts’ expectations of $30.05 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. sell-side analysts forecast that TechTarget Inc will post 0.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of TTGT. Rhumbline Advisers increased its position in shares of TechTarget by 7.0% in the second quarter. Rhumbline Advisers now owns 22,325 shares of the information services provider’s stock worth $232,000 after purchasing an additional 1,470 shares during the period. Bank of New York Mellon Corp increased its position in shares of TechTarget by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 79,567 shares of the information services provider’s stock worth $825,000 after purchasing an additional 4,410 shares during the period. JPMorgan Chase & Co. increased its position in shares of TechTarget by 457.3% in the second quarter. JPMorgan Chase & Co. now owns 60,266 shares of the information services provider’s stock worth $625,000 after purchasing an additional 49,452 shares during the period. Wells Fargo & Company MN increased its position in shares of TechTarget by 2.6% in the second quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock worth $115,000 after purchasing an additional 275 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of TechTarget by 0.5% in the second quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock worth $225,000 after purchasing an additional 100 shares during the period. Institutional investors own 55.74% of the company’s stock.

Several research analysts have weighed in on TTGT shares. Zacks Investment Research cut TechTarget from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group reiterated a “hold” rating and set a $13.00 price objective on shares of TechTarget in a research report on Friday, November 10th. BidaskClub cut TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $17.00 price objective (up previously from $14.00) on shares of TechTarget in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TechTarget currently has an average rating of “Buy” and an average 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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