TechTarget Inc (NASDAQ:TTGT) Insider Don Hawk Sells 15,000 Shares of Stock

TechTarget Inc (NASDAQ:TTGT) insider Don Hawk sold 15,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $22.34, for a total transaction of $335,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Don Hawk also recently made the following trade(s):

  • On Monday, July 15th, Don Hawk sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $20.97, for a total transaction of $314,550.00.
  • On Tuesday, June 18th, Don Hawk sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $20.13, for a total transaction of $301,950.00.

TTGT stock opened at $24.12 on Friday. TechTarget Inc has a twelve month low of $11.12 and a twelve month high of $24.70. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $626.04 million, a P/E ratio of 46.20 and a beta of 0.81. The firm has a 50 day simple moving average of $22.06 and a 200-day simple moving average of $18.70.

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

Several hedge funds have recently added to or reduced their stakes in the company. United Services Automobile Association raised its stake in shares of TechTarget by 0.8% during the second quarter. United Services Automobile Association now owns 123,847 shares of the information services provider’s stock valued at $2,632,000 after purchasing an additional 1,000 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in TechTarget in the second quarter worth about $2,592,000. Citadel Advisors LLC raised its position in TechTarget by 68.0% in the second quarter. Citadel Advisors LLC now owns 146,551 shares of the information services provider’s stock worth $3,114,000 after acquiring an additional 59,310 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in TechTarget in the second quarter worth about $290,000. Finally, Morgan Stanley raised its position in TechTarget by 1,015.2% in the second quarter. Morgan Stanley now owns 127,391 shares of the information services provider’s stock worth $2,707,000 after acquiring an additional 115,968 shares in the last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, May 9th. ValuEngine lowered shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of TechTarget from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research lowered shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. TechTarget currently has an average rating of “Buy” and an average price target 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.

See Also: Different Options Trading Strategies

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

Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.