TechTarget Inc (TTGT) Chairman Greg Strakosch Sells 25,000 Shares

TechTarget Inc (NASDAQ:TTGT) Chairman Greg Strakosch sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $20.44, for a total value of $511,000.00. Following the completion of the sale, the chairman now owns 479,844 shares in the company, valued at $9,808,011.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, February 21st, Greg Strakosch sold 25,000 shares of TechTarget stock. The shares were sold at an average price of $15.41, for a total value of $385,250.00.

Shares of TTGT stock opened at $21.35 on Wednesday. TechTarget Inc has a one year low of $11.12 and a one year high of $34.47. The company has a market capitalization of $589.18 million, a P/E ratio of 47.44 and a beta of 1.07. The company has a current ratio of 4.66, a quick ratio of 4.82 and a debt-to-equity ratio of 0.39.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, May 8th. The information services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. TechTarget had a return on equity of 10.74% and a net margin of 11.41%. The business had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $29.32 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that TechTarget Inc will post 0.54 EPS for the current fiscal year.

Several analysts recently commented on the company. BidaskClub upgraded TechTarget from a “hold” rating to a “buy” rating in a report on Friday, May 10th. ValuEngine upgraded TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, May 9th. Finally, Zacks Investment Research upgraded TechTarget from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $26.00.

Institutional investors have recently bought and sold shares of the business. 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 worth $25,000 after buying an additional 949 shares in the last quarter. Advisor Group Inc. bought a new position in shares of TechTarget during the 1st quarter worth approximately $32,000. Pearl River Capital LLC bought a new position in shares of TechTarget during the 4th quarter worth approximately $60,000. 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 worth $69,000 after buying an additional 3,854 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of TechTarget by 413.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,859 shares of the information services provider’s stock worth $84,000 after buying an additional 5,522 shares in the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.

WARNING: This piece of content was reported by WKRB News and is the property of of WKRB News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.wkrb13.com/2019/05/15/techtarget-inc-ttgt-chairman-greg-strakosch-sells-25000-shares.html.

About TechTarget

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.

Further Reading: Momentum Investing

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.