TechTarget Inc (NASDAQ:TTGT) Director Don Hawk sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $40.30, for a total transaction of $604,500.00. Following the transaction, the director now directly owns 111,164 shares of the company’s stock, valued at $4,479,909.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Don Hawk also recently made the following trade(s):
- On Wednesday, September 2nd, Don Hawk sold 8,145 shares of TechTarget stock. The shares were sold at an average price of $41.34, for a total transaction of $336,714.30.
- On Friday, August 14th, Don Hawk sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $39.72, for a total transaction of $595,800.00.
- On Monday, July 13th, Don Hawk sold 15,000 shares of TechTarget stock. The stock was sold at an average price of $31.51, for a total transaction of $472,650.00.
TTGT traded up $0.96 on Wednesday, reaching $41.38. 269,095 shares of the company traded hands, compared to its average volume of 245,729. TechTarget Inc has a one year low of $16.82 and a one year high of $42.99. The firm has a fifty day simple moving average of $39.11 and a two-hundred day simple moving average of $28.72. The company has a market cap of $1.11 billion, a P/E ratio of 71.35 and a beta of 1.00. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.14.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV purchased a new position in TechTarget during the 2nd quarter valued at about $36,000. Advisor Group Holdings Inc. purchased a new position in TechTarget during the 1st quarter valued at about $57,000. SG Americas Securities LLC purchased a new position in TechTarget during the 1st quarter valued at about $170,000. Royal Bank of Canada increased its position in TechTarget by 276.1% during the 1st quarter. Royal Bank of Canada now owns 8,835 shares of the information services provider’s stock valued at $183,000 after purchasing an additional 6,486 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of TechTarget by 56.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,199 shares of the information services provider’s stock worth $190,000 after buying an additional 3,320 shares during the last quarter. 89.63% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Thursday, August 13th. Raymond James lifted their price objective on shares of TechTarget from $28.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. BidaskClub upgraded shares of TechTarget from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Craig Hallum restated a “buy” rating and issued a $35.00 target price on shares of TechTarget in a report on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $31.80.
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.
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