TechTarget Inc (NASDAQ:TTGT) Director Sells $604,500.00 in Stock

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.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Wednesday, August 5th. The information services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. TechTarget had a net margin of 11.90% and a return on equity of 9.86%. The company had revenue of $34.80 million during the quarter, compared to analyst estimates of $34.00 million. On average, equities analysts forecast that TechTarget Inc will post 0.68 earnings per share for the current year.

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.

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: Market Perform

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

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