TechTarget Inc (TTGT) CEO Michael Cotoia Sells 14,500 Shares

TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 14,500 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $20.43, for a total transaction of $296,235.00. Following the transaction, the chief executive officer now directly owns 69,310 shares in the company, valued at approximately $1,416,003.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Michael Cotoia also recently made the following trade(s):

  • On Monday, October 1st, Michael Cotoia sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $19.55, for a total transaction of $488,750.00.
  • On Tuesday, September 4th, Michael Cotoia sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $23.67, for a total transaction of $591,750.00.
  • On Wednesday, August 29th, Michael Cotoia sold 22,352 shares of TechTarget stock. The shares were sold at an average price of $24.36, for a total transaction of $544,494.72.

TTGT traded down $4.20 on Thursday, hitting $16.23. The company had a trading volume of 76,091 shares, compared to its average volume of 723,661. The firm has a market cap of $564.85 million, a P/E ratio of 67.40 and a beta of 0.93. TechTarget Inc has a 1 year low of $12.30 and a 1 year high of $34.47. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.13.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Wednesday, November 7th. The information services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). The business had revenue of $30.74 million for the quarter, compared to analysts’ expectations of $31.08 million. TechTarget had a return on equity of 9.77% and a net margin of 10.24%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. Equities research analysts forecast that TechTarget Inc will post 0.5 earnings per share for the current year.

TTGT has been the topic of several research analyst reports. BidaskClub lowered shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Lake Street Capital reduced their price objective on shares of TechTarget from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James initiated coverage on shares of TechTarget in a report on Thursday, September 27th. They issued an “outperform” rating and a $26.00 price objective on the stock. Craig Hallum lowered shares of TechTarget from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Thursday, August 9th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $24.67.

A number of large investors have recently modified their holdings of TTGT. Wells Fargo & Company MN increased its stake in TechTarget by 51.4% during the first quarter. Wells Fargo & Company MN now owns 48,512 shares of the information services provider’s stock worth $965,000 after purchasing an additional 16,473 shares during the period. BlackRock Inc. increased its stake in TechTarget by 30.4% during the first quarter. BlackRock Inc. now owns 1,267,958 shares of the information services provider’s stock worth $25,207,000 after purchasing an additional 295,581 shares during the period. California Public Employees Retirement System purchased a new stake in TechTarget during the first quarter worth about $347,000. Dimensional Fund Advisors LP increased its stake in TechTarget by 23.0% during the first quarter. Dimensional Fund Advisors LP now owns 825,252 shares of the information services provider’s stock worth $16,406,000 after purchasing an additional 154,516 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in TechTarget during the second quarter worth about $378,000. Institutional investors own 61.72% of the company’s stock.

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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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